By OGJ editors
HOUSTON, Nov. 28 -- Abu Dhabi National Energy Co. is buying from BP Netherlands its exploration and production and gas infrastructure business, including various production assets and the Piek Gas Installatie gas supply plant near Alkmaar.
Abu Dhabi National, indirectly owned by the UAE government, was established in 2005 to manage water, electric, mining, and oil and gas projects worldwide. It expects to complete its acquisition from BP by Jan. 31. Value of the transaction was not disclosed.
BP operates assets, both onshore and offshore, in multiple mature gas fields in the Netherlands, associated production facilities, and the suspended Rijn oil field. The London-based parent company previously announced plans to sell these assets, which produced 62 MMcfd net to BP during 2005 (OGJ Online, May 10, 2006).
This sale does not affect BP's other business activities in the Netherlands, including energy trading, refining and marketing, and renewables energy.
