Taqa Bratani Ltd., a subsidiary of the Abu Dhabi National Energy Co., Abu Dhabi, U.A.E., (Abu Dhabi: TAQA) plans to acquire the non-operated interests in the Brae assets in the U.K. North Sea from Talisman Energy (UK) Ltd. and Talisman LNS Ltd., U.K.-based subsidiaries of Talisman Energy Inc., Calgary, (Toronto, NYSE: TLM) for US$550 million. The assets include 18% interest in the South, North, Central and West Brae fields, 18% interest in the Beinn Field, 16.9% interest in the East Brae Field, 13% interest in the Braemar Field, 18% interest in the Brae-to-Forties oil export line, 9% interest in the Sage pipeline and onshore terminal, 9% interest in the Brae-Miller Linkline and various exploration interests. Talisman also recieves transportation and processing revenues from third party fields.
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