Oil & Gas

TAQA’s North American oil and gas business is headquartered in Calgary, Canada and focused on conventional oil and gas exploration and production.

Exploration and production rights

TAQA has extensive land holdings in North America with exploration and production rights.

  • 1.02 million net acres of producing land
  • 1.31 million net acres of non-producing land
  • Interest in 501,000 producing acres and 286,000 non-producing acres (as of 25 July 2017)

TAQA’s strategy in North America is to realise the full potential of this land base through exploration and development-drilling programmes. As part of that strategy, TAQA will continue to consider acquisitions of land holdings that complement its core operating areas, while disposing of land that is not core to its operations.

Oil and gas activities

TAQA’s North American oil and gas activities are divided into three main areas: North, Central and South.

2016 2P reserves were 308.6 mmboe with a total average daily production of 75.5 thousand barrels of oil equivalent a day.

North area

The North area encompasses all assets from the Alberta-Saskatchewan border west through Alberta and into Northeast British Columbia. In total, the Group’s assets in this area span over 1.8 million acres, of which slightly less than 0.7 million acres are non-producing. The company’s oil and natural gas production facilities in the North consist mainly of well site separation and dehydration, low pressure gas gathering systems, oil batteries and compressor stations. The company also owns and operates gas plants in Sousa, Chinchaga, Valhalla and Whitecourt.

Central area

The Central area falls within West Central Alberta South and West of Red Deer. In total, the company’s properties in this area span approximately 1.2 million acres, of which slightly more than 0.3 million acres are non-producing. The company’s crude oil and natural gas production facilities in the Central area consist of well site separation and dehydration, extensive gas gathering systems, and field and booster compressor stations. The company operates several gas plants in the areas including Bearberry, Caroline, Columbia, Sundre and Brewster.

South area

The South area stretches across Southern Alberta and South West Saskatchewan and into the states of Montana, North Dakota and Wyoming in the United States. In total, the company’s properties in this area span approximately 1.4 million acres, of which slightly more than 0.6 million net acres are nonproducing. The company’s natural gas production facilities in the South area consist of the East Crossfield gas plant which it operates.

TAQA’s low pressure gas gathering systems and field compression stations are connected to processing infrastructure operated by both itself and other operators. There are central, multi-well oil batteries at Brant Farrow, Grand Forks, Viking Kinsella, Mikwan and Flat Lake.

 

Alberta and BC Emergency Response Plan

The Emergency Response Plan is a guide for TAQA's executive, management, field and contract personnel to effectively manage any emergency involving TAQA or its affiliated companies.

Emergency Response Plans

 

 

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NA NEWS

08 Nov 2018

TAQA reports net profit of AED 431 million and AED 3.7 billion debt reduction in first nine months of 2018

View press release