Taqa is set to acquire stakes in the BP-operated Maclure, Harding and Devenick fields and non-operated interests in the Brae complex of fields and Braemar field under the transaction unveiled on Wednesday.
The unit of Abu Dhabi National Energy Company is paying an initial price of $1.058 billion and will also make payments expected to exceed $250 million over the next three years, including a share of production cash flows from Devenick.
The
