Looking good: Abu Dhabi looks to get a slice of North Sea assets including the Tern field
Abu Dhabi eyes North Sea assets
Abu Dhabi National Energy company subsidiary, Taqa Bratani, is in talks with Shell and ExxonMobil over the puchase of their stakes in the Tern, Eider, Cormorant North and South fields in the North Sea.
The discussion also includes all related subsea satellite fields and infrastructure.
In relation to the new agreement Taqa has signed a heads of agreement with Wood Group Engineering to continue as the initial duty holder for full integrated services.