Taqa, the Abu Dhabi National Energy company, has confirmed it is to buy a 53.2 per cent stake in the Atrush energy exploration block in the Iraqi region of Kurdistan following weeks of speculation.
Atrush production will bring long-term cash flows to Taqa and we look forward to operating the asset with a commitment to the highest standards of health, safety and environmental protection
TAQA Iraq is the operator of the Atrush block and has a 47.4% working interest under the Atrush block Production Sharing Contract. A well drilled by Abu Dhabi National Energy Co. PJSC's TAQA Atrush BV subsidiary has extended the Atrush field area 6.5 km to the east on the Atrush block in the Kurdistan Region of Iraq. By John Lee. ShaMaran Petroleum has announced the resumption of drilling operations on the Atrush block in the Kurdistan Region of Iraq. Drilling operations at the Chiya Khere-8 development well were suspended for a total of 21 days by TAQA (the Abu Dhabi National Energy Company), operator of the Atrush Block, as a precautionary measure, […] TAQA holds a 47.4% working interest in the Atrush Block, with the Kurdistan Regional Government (25%) and General Exploration Partners, Inc. (27.6%) holding the remaining interests through participation in a production-sharing contract (PSC). ERBIL, Kurdistan Region (Kurdistan24) - UAE-based Abu Dhabi National Energy Company (TAQA) and partners, including Marathon Oil, started oil production at its Atrush block in the Kurdistan Region on Monday. TAQA said oil started flowing through the Atrush central processing facility and that the facility will have a production capacity of 30,000 Abu Dhabi National Energy Co. PJSC (TAQA) Atrush BV subsidiary brought oil production on stream at its Atrush block in Iraq’s Kurdistan region on July 3 through the Atrush central processing The underlying agreements governing the development and operation of the Atrush block require that both the Minister of Natural Resources of the Kurdistan Governmental Authority (“MNR”) as well as TAQA Atrush BV (“TAQA”), the other owner of a participating interest in, and the operator of, the Atrush block, consent to the assignment of the participating interest from MOKDV to GEP. Blockering tvingar in Shamaran i ny budprocess.
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Pending closing of the APA, TAQA shall participate economically in respect of its share of the participating interest. The SPA and APA (together “The Acquisition”) will increase ShaMaran’s participating interest in Atrush from 20.1% to 27.6% and therefore its share of Atrush production and reserves and resources will increase by 37.3%. 2021-04-02 TAQA to Support ADSW 2021 Tuesday, 19th January 2021 Masdar Company announced that Abu Dhabi National Energy Company (TAQA) intends to support Abu Dhabi Sustainable Week 2021 (ADSW), which is the global platform aiming at accelerating sustainable development, as Energy’s Sector Partner. ALI from TAQA ATRUSH B. V. Company at Tishk International University in Erbil, Kurdistan Region of Iraq on February 25, 2021. The workshop was arranged by the Petroleum and Mining Engineering Department during the IEC7th International Engineering Conference (IEC-2021… ABU DHABI, 7th November, 2019 (WAM) -- Abu Dhabi National Energy Company, TAQA, announced today its financial results and operational highlights for the nine-month period ended 30th September, 2019.
SHAMARAN ANNOUNCES PAYMENT FOR ATRUSH OIL DELIVERIES (TSX VENTURE: SNM) (OMX: SNM) reports that TAQA Atrush BV, Operator of the Explore. Effuel Reviews (2021) Legit Effuel ECO OBD2 Fuel.
Taqa, the Abu Dhabi National Energy company, has confirmed it is to buy a 53.2 per cent stake in the Atrush energy exploration block in the Iraqi region of Kurdistan following weeks of speculation. ShaMaran Petroleum has announced that the January 2021 interest payment due on its 12% senior unsecured bonds due 2023 (ISIN: NO 001082645.6) has been timely made to all Bondholders.
Shamaran meddelar att Taqa Atrush har erhållit 17,5 miljoner dollar från den regionala regeringen i Kurdistan för oljeleveranser i december 2017. Pengarna
It was discovered by the Consortium of General Exploration Partners. As of March 12, 2013 the Kurdistan Regional Government has exercised its option to acquire a 25% Government Interest of the Atrush Field according to the PSC contract. General Exploration Partners held 80% of Atrush and was in cooperation with Aspect Energy International, who owned 2/3 of GEP, thus Aspect Energy International had a share of 53, With this acquisition, TAQA Iraq’s working interest in the Atrush block increased from 39.9% to 47.4% and represents an AED 116 million addition to the company’s assets.
Source: TAQA 2019-08-22
The block is operated by TAQA Atrush (39.9%), a subsidiary of Abu Dhabi National Oil Company, and ShaMaran Ventures (20.1%), a wholly owned subsidiary of ShaMaran Petroleum. The remaining interest is held by Kurdistan’s Regional Government (25%) and Marathon Oil (15%). ShaMaran Petroleum Corp.
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2021 Guidance. With improving oil prices in 2021 we anticipate a continuation of strong operating cash flow that will be supported with prudent capital deployment in the coming year. Atrush field gross average daily production is expected to range from 39,000 barrels of oil per day (“bopd”) to 44,000 bopd. General Exploration operates the Atrush block with an 80 per cent interest.
The SPA and APA (together “The Acquisition”) will increase ShaMaran’s participating interest in Atrush from 20.1% to 27.6% and therefore its share of Atrush production and reserves and resources will increase by 37.3%.
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SHAMARAN: EJ UPPMÄRKSAMMAT INTRESSE FRÅN TAQA ENLIGT VD. STOCKHOLM (Nyhetsbyrån Direkt) Oljebolaget Shamaran bekräftar att det inte har
rätt till överprövning om insyn i; Lundin Petroleum: Lösning för Taqa, Shamaran på väg "inom Lundin petroleum Shamaran Petroleum äger 20% av Atrush licensen. Taqa (operatören) hävdade nyligen att planen för start av produktion håller. Snabb utbyggnad av första produktionsfas, stora reserver, stigande oljepris och 7.4.2021.
TAQA Atrush B.V.Oil Company. 127 likes · 1 talking about this. Local Business
Address: The Industrialization & Energy Services Company (TAQA), Dhahran 4088-34455, Building: 15 - Eastern Province, The Kingdom of Saudi Arabia Shamaran slammed “Taqa’s unreasonable refusal to provide consent” but the pair have evidently put aside their differences.
9.4.2021. Börsen canada: Bsnm meaning.