TAQA

TAQA, a company controlled by Abu Dhabi National Oil Company, has produced first oil from the Cladhan field in the United Kingdom North Sea. Situated 60 miles northeast of the Shetland Islands in 490 ft of water, Cladhan has been developed as a subsea tieback to TAQA’s Tern Alpha platform and is expected to reach an initial production capacity of more than 17,000 BOE/D. The field operator TAQA has a 64.5% interest in Cladhan. The other interests are held by MOL Group (33.5%) and Sterling Resources (2%).


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