TAQA Bratani, the UK arm of the state-backed Abu Dhabi National Energy Company, has reportedly bought a 50 percent stake in an oilfield off the coast of Scotland.
The oil and gas firm’s acquisition of a stake in three licences will give it access to the Darwin oilfield, a recent discovery located off the north-east coast of the Shetland Islands.
"These licences are located adjacent to our core infrastructure and represent an excellent opportunity for TAQA to expand its footprint in the Northern North Sea,” Leo Koot, managing director of TAQA Bratani, is quoted as saying by The Herald newspaper in Scotland.
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