By OGJ editors
HOUSTON, Sept. 16 -- A unit of Abu Dhabi National Energy Co. PJSC (TAQA) has signed an agreement to purchase Total’s 81% equity interest in two blocks encompassing Otter oil field in the UK North Sea. Terms weren’t disclosed.
Otter is a subsea development in 183 m of water on Blocks 210/15a and 210/20d tied back to Eider field, owned 100% by the acquiring company, TAQA Bratani Ltd.
Otter recently produced 7,940 b/d, according to government records.
Eider recently produced 1,450 b/d through a platform in 159 m of water on Block 211/16, adjacent to the acquired blocks.