The company has a 40.1% interest in the concession, earlier this year acquiring 13.5% from previous operator Sterling Resources (UK),16.6% from Premier Oil, and 10% from Dyas UK.
Leo Koot, TAQA Bratani’s managing director, said: “The Cladhan field lies 17.5 km [11 mi] southwest of the TAQA-operated Tern platform and is a significant development project.
“This is an important step for the company as it represents a major new field development project to be operated by TAQA Bratani on behalf of itself and joint venture partners.”
