Taqa buys 15% of North Sea assets

The Abu Dhabi National Energy Company PJSC (Taqa) revealed that Taqa Energy B.V., its wholly owned subsidiary, had acquired a 15 per cent stake in North Sea assets from the L11b Group for an undisclosed amount.

The L11b Group is made up of Chevron Exploration and Production Netherlands B.V., DSM Energie B.V. and EBN.

The deal is part of a transaction between the L11b Group and the L8-D Field Group, comprising Taqa Energy, Cirrus Energy Nederland B.V., DSM Energie B.V., Energy06 Investments B.V., EWE AG and EBN.