New North Sea asset owner Taqa is planning to take up residence in the UK oil capital by taking out a lease on a brand new building in Aberdeen.
From the company’s headquarters in Abu Dhabi, Taqa announced it is to open new offices to manage its new North Sea assets after acquiring a 10-year lease on the Aberdeen premises.
“It is the perfect location for us as we expand our operations in the North Sea,” said Taqa’s UK managing director Leo Koot.
Back in July Taqa finalised a deal to acquire six Northern North Sea assets, formerly jointly owned by Shell and ExxonMobil including the Tern, Eider, Cormorant North and Cormorant South fields, plus tiebacks Kestrel and Pelican which together produce 40,000 boe/d.
At that time Peter Barker-Homek, chief executive of Taqa – a subsidiary of the Abu Dhabi National Energy Company – pledged “significant investment” in the UK North Sea.