Oil & Gas
Through technology and expertise we optimise production whilst maintaining health and safety standards and minimising environmental impact.
We have built a strong portfolio of Oil & Gas assets and have operations in North America, the United Kingdom, the Netherlands and the Kurdistan region of Iraq.
Our focus on developing TAQA’s footprint in the greater MENA region (Middle East, North Africa and India) has led to further strategic investments Oil & Gas operations in the Kurdistan region of Iraq.
Our Oil & Gas business includes the exploration, development and production of crude oil, natural gas and natural gas liquids, as well as natural gas storage, oil and gas processing and transport.
In order to improve financial and operating improvement we have established three centres of excellence:
Onshore operations: North America
We have been active in exploration and unconventional energy sources in Canada since 2007. We are the 12th largest producer in the country.
- Alberta, Canada – Coalbed Methane (CBM) and Tight Gas
- British Columbia, Canada – Shale Gas
- Williston Basin, United States – predominantly conventional oil
Offshore operations: United Kingdom
We are an experienced offshore operator in the North Sea. We apply our expertise to optimise production from existing developments while making complementary selective bolt-on acquisitions. We are the operator of the Brent System Oil Pipeline, and were the first new duty holder in the United Kingdom North Sea for 13 years.
- Operate equity in seven fields and four operated platforms, mostly producing Brent crude oil
- Various non-operated assets including pipelines and terminals
- Operator of the Brent System Oil Pipeline
- 24% equity in the Sullom Voe Oil Terminal
For further information:
Strategic energy infrastructure: The Netherlands
We operate onshore and offshore oil and gas fields and various pipeline interests, as well as the PGI (Peak Gas Installation) facility at Alkmaar.
PGI is an underground gas reservoir transformed to store and deliver gas to the Dutch national grid to meet additional consumer demand in the winter months. Its current contractual peak capacity is 36 million m3 a day and it has a maximum inventory of 500 million m3.
The storage of gas underground has a number of advantages for businesses in the energy sector. First, it enables companies to meet load variations by injecting surplus supplies at periods of low demand and then withdrawing them when needed. Second, it helps ensure continuity of supply in the event of particularly high demand or unexpected delivery problems. Third, it reduces price volatility by maintaining commodity availability
Revenues from gas storage amounted to AED 187 million in the year ended 31 December 2011.
In partnership with EBN B.V., we are constructing a second gas storage facility near Alkmaar: the Bergermeer Gas Storage facility. Bergermeer will be Europe’s largest accessible underground storage facility and a strategic asset to help meet European energy demand.
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