Clifford Chance advises TAQA on the sale of its upstream oil and gas business in the Netherlands

19 October 2022

Mohammed Al-Shukairy, Jeroen Thijssen, Floris van de Bult , Gareth Dray, , Natasha El-Najjar, Hansuya Reddy, Ruben van Diepen, Sanne Blankestijn
Abu Dhabi, Dubai, Amsterdam

Clifford Chance advises TAQA on the sale of its upstream oil and gas business in the Netherlands

Leading international law firm Clifford Chance is advising Abu Dhabi National Energy Company (TAQA) in connection with entering into definitive agreements with Waldorf Energy Netherlands BV for the sale of TAQA's upstream oil and gas business in the Netherlands.

Subject to obtaining the necessary regulatory and other third-party approvals, TAQA's wholly-owned subsidiary, TAQA Energy BV, will sell 100% of its ownership in TAQA's upstream oil and gas business in the Netherlands to Waldorf. TAQA's Dutch upstream assets include the Bergen II production area and the P15 and P18 oil and gas production blocks in the Dutch North Sea.

The Clifford Chance team advising TAQA was led by partner Mohammed Al-Shukairy, Regional Managing Partner, Middle East, together with support from a core team in the UAE comprising senior associates Gareth Dray and Abhinav Yarrapotu and associate Natasha El-Najjar. In Amsterdam, Clifford Chance M&A partner Jeroen Thijssen, Counsel Hansuya Reddy and associate Ruben van Diepen provided Dutch law M&A advice on the transaction, while partner Floris van de Bult and senior associate Sanne Blankestijn provided employment expertise.