Cash-rich Taqa has announced aggressive plans to expand internationally.
It became the first Middle Eastern company to own assets in the Canadian oil patch in May with the purchase of Calgary-based Northrock Resources for US$2 billion from Pogo Producing of Houston. When completed, the deal will provide Taqa with a further 59 million barrels of gross working interest oil and gas reserves, more than 10,000 barrels per day of production and exposure to coalbed methane exploration and production.
Taqa
