TAQA to acquire 50% interest in three UK North Sea licences

Abu Dhabi National Energy Company PJSC (TAQA) has signed farm-in agreements with Fairfield Energy Ltd to acquire 50% WI in the licences P184, P474 and P1634 (collectively known as the Darwin acreage), Northern North Sea. In exchange for acquiring the interest, Taqa has agreed to carry out a work programme on the blocks and make a cash payment to Fairfield. Continue reading here..