Taqa Acquires Northrock Resources

On August 14, 2007, Abu Dhabi National Energy Company PJSC (TAQA) completed the acquisition of all of the issued and outstanding shares of Northrock Resources Ltd., a Calgary-based oil and gas exploration and production company, from Pogo Producing Company of Houston, Texas for US$2 billion in cash. The acquired entity, now known as “TAQA North Ltd.”, is set to provide TAQA with an additional 142 million barrels of proven oil and gas reserves and production of approximately 37,000 boe/d (gross) from properties located in Alberta, British Columbia, Saskatchewan and the Northwest Territories. TAQA's entry into the Canadian upstream energy sector continues its diversification through the acquisition of international energy assets.

TAQA was represented by its general counsel, Francois Duquette, based in Abu Dhabi and in Canada by a team from Heenan Blaikie LLP which included Michael Black (energy), Lloyd Symons (corporate), Brian Bidyk, Marvin Koochin, Chris Manderville and Adrienne O'Reilly (energy), Brent Stevenson, Peter Yates, Alec Silenzi and Cherry Jiang (corporate), Jillian Frank (employment), Mitchell Shier (environmental), Mark Jadd and Jennifer Hanna (tax) and Subrata Bhattacharjee and Adam Goodman (competition/regulatory). TAQA was represented internationally by Latham & Watkins LLP in New York, San Diego and London. Latham's corporate team was led by New York partners Ted Sonnenschein and Eric Schwartzman along with corporate associates Constantine Skarvelis and Thomas Malone. Advice was also provided by New York tax partner David Raab and associates Patrick Wheeler and Jocelyn Noll; San Diego environment, land & resources partner Joel Mack; New York benefits and compensation partners Jed Brickner and John Shyer; and finance partners Bill Voge and Joseph Blum in New York and London, respectively.

Pogo was represented by Michael J. Killelea, senior vice-president, general counsel and corporate secretary and Timothy D. Yang, senior counsel; and by a team from Fraser Milner Casgrain LLP led by Miles Pittman ( M&A and energy), Bill Jenkins (corporate) and Jehad Haymour (tax), and including Dale Skinner, John Reynolds and Heather Greenberg (corporate), George Antonopoulos ( energy), Anne Calverley, Q.C., Derek Kurrant and Kevin Scott (tax), Fausto Franceschi (employment), Alex MacWilliam (environment) and Barry Zalmanowitz and Susan Paul (competition/regulatory). Goldman Sachs Group and TD Securities Inc. acted as financial advisers to Pogo.

Northrock Resources Ltd. was represented by Eamon J.B. Hurley, general counsel.