THE UK arm of the Abu Dhabi national energy company becomes dutyholder today of its four operated North Sea platforms – Cormorant Alpha, North Cormorant, Tern and Eider – taking over from Wood Group Engineering (North Sea).
Wood had acted as dutyholder from December, when TAQA acquired the platforms as part of an asset deal with Shell UK and Esso Exploration and Production (UK).
TAQA said that, as part of the strategy to ensure consistent operations offshore and onshore, Wood would remain as integrated service contractor for the firm.
TAQA’s development programme for the installations, which produce about 35,000 barrels of oil equivalent a day, aims to extend the productive life of the fields and consists of a capital expenditure commitment of £500million.
Leo Koot, managing director of TAQA Bratani, said: “Taking over as dutyholder is a key milestone in our North Sea portfolio. It secures our position as an important oil and gas operator in the North Sea, alongside operatorship of the Brent system – for which our Cormorant Alpha platform is a hub – our 24% stake in the Sullom Voe oil terminal and our equity in Brae and the Sage pipeline and terminal.”
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