Founded in 2005, Taqa (Abu Dhabi National Energy Company [PJSC]) is a global energy company with a growing asset base that exceeds $23.4 billion. One of the largest companies listed on the Abu Dhabi Securities Market, with 2007 revenues of more than $2 billion, Taqa is a flagship corporation for the Government of Abu Dhabi. Last month, UK oil companies Shell and Esso Exploration and Production finalized an agreement to sell assets in the northern North Sea to the Abu Dhabi National Energy Company. Taqa’s wholly owned subsidiary, Taqa Bratani Ltd., signed the Sale and Purchase Agreement involving six offshore oil fields and two non-operated subsea tie-backs located in the East Shetland Basin. Shell, operator of the venture, announced in June 2007 that its North Sea assets were available for purchase. Taqa Bratani, who has been actively looking to increase its presence in Europe, began negotiations in March 2008 with
