Thursday, 4 September 2014

Taqa taps advisers for asset sales as Kurdish drilling restarts | The National

Taqa taps advisers for asset sales as Kurdish drilling restarts | The National:



"Abu Dhabi National Energy Company, known as Taqa, has mandated the Australian investment bank Macquarie and the consultant group McKinsey to evaluate proposed asset sales as part of an ongoing review by the company. 




Separately, the Canadian oil company ShaMaran Petroleum said drilling operations at the Chiya Khere-8 development in the Taqa-operated Artrush block in Kurdish Iraq had resumed. Drilling had been suspended for a total of 21 days by Taqa as a precautionary measure following recent regional developments, ShaMaran said.



Taqa declined to comment on either development."



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