Feb. 2013 - Workover operations on Causeway Field well 211/23d-18 are underway in UK waters. Transocean's GSF Arctic III is expected to complete work on the water injection well in February 2013. Start-up of both water injection and the electric submersible pumps will take place in the second half of the year upon completion of topside modifications to the North Cormorant platform. Currently, the Causeway Field is producing approximately 4,500 bopd via primary depletion.

Jan. 2013 - Production commenced from the Cormorant East field, according to license partner Antrim Energy. The company reported an initial production rate of 5,500 barrels per day with no water. Cormorant East was discovered in October 2012 through exploration well 211/21-N94 in UK license P201 and was brought online 85 days later. Production from the well is routed through the TAQA Bratani-operated Cormorant North Platform. The field may hold substantial upside depending on how the reservoir reacts to primary depletion from the existing well. A water injection concept along with additional production wells can be initiated in the future.

Oct. 2012 - JV partner Antrim Energy announced positive initial results from the Contender well 211/21-N94 in the UK North Sea. Drilling took place on the TAQA Bratani-operated North Cormorant platform and reached a total depth of 16,903 feet. Preliminary results suggest a net oil pay in excess of 60 feet was encountered in the Tarbert member of the Jurassic Brent sandstones. Ongoing testing has revealed greater than expected porosity and hydrocarbon saturation. If Contender is determined to be commercial, it will be developed from North Cormorant under the name Cormorant East.

Aug. 2012 - TAQA Bratani has announced that exploration drilling operations are underway at Block 211/22a of the UK North Sea. The well is being drilled from the TAQA operated Cormorant North production platform which is located just west of the Contender prospect. The objective of the well is to test Jurassic Brent sandstones at a depth of 16,900 feet. TAQA agreed to cover 100% of the drilling and completion costs of the Contender well and has earned a 60% interest in the block. If it is determined that Contender should be developed, it will be tied into the Cormorant North Platform.

Mar. 2012 - Taqa Bratani is gearing up to commence an exploratory drilling program in the North Sea, which includes exploration wells on the Timone, Contender, Cladhan and Darwin prospects. The company has contracted the Transocean John Shaw (mid-water semisub) for the drilling program. Taqa also has platform-based rigs, and after working on Tern its drilling crew is to move to the North Cormorant field.

Feb. 2012 - Bridge Energy is planning to spud the Contender prospect in March 2012. The well will target the Jurassic Brent series of sandstones at a projected drilling depth of 16,900 feet (5,151 meters), less than one mile (two kilometers) east of the Cormorant North field. Drilling will be funded by TAQA. If successful, TAQA will receive 60 percent interest in the southern area of the block and 35 percent interest in the northern part. Contender is located in UKCS License P201 on Block 211/22a.

Jan. 2012 - Antrim Energy and Valiant Petroleum have signed an agreement to proceed with early installation of subsea facilities for the development of the Fionn field in the UK sector of the North Sea. Fionn, located in Block 211/22a, was formerly called Central Causeway fault block. In December 2011, the UK Department of Energy and Climate Change assigned separate field designations to the Fionn field and the Causeway field, the latter containing the two fault blocks previously referred to as the East Causeway and Far East Causeway fault blocks. A Field Development Plan for the Causeway field was approved by DECC, with first oil expected in mid-2012. Under the terms of the Fionn Agreement, various subsea facilities will be installed during the first half of 2012 in conjunction with the installation of facilities for the Causeway field as a pre-investment for the future tie-in of Fionn to minimize development costs. Valiant will finance Antrim's share of these costs. For three months following first oil from Causeway, Antrim has the option either to either withdraw from the Fionn project, or confirm its participation by paying its 35.1 percent share of the pre-investment outlay. Operator Valiant Causeway will likely submit a development plan for Fionn to DECC during the current quarter. It is planned that Fionn production will be combined with Causeway production, transported for processing to the Cormorant North platform, and exported to the Sullom Voe terminal for sale. First oil from Fionn is anticipated in mid-2013.

Jan. 2012 - The Department of Energy and Climate Change has approved Valiant's Causeway Field Development Plan. The Borgsten Dolphin (mid-water semisub) is booked to complete the existing production and water injection wells on the field with first oil targeted for the second half of 2012. Development plans call for the drilling of a new production well and a water injection well in the East and Far East fault panels. A production well will be completed with dual electrical submersible pumps. Hydrocarbons will be sent to and processed at the Cormorant North platform operated by TAQA Bratani Limited before being exported to the Sullom Voe terminal. Causeway is located on Blocks 211/22a and 211/23d in a water depth of 350 feet (107 meters) in the UK sector of the North Sea. Valiant operates the field.

Dec. 2011 - Project execution for the Causeway development is progressing with all of the long-lead items now ordered with main contracts in place. First oil is anticipated to commence in the second half of 2012. Causeway is located on Blocks 211/22a and 211/23d in a water depth of 350 feet (107 meters) in the UK sector of the North Sea.

Oct. 2011 - Valiant Causeway Limited awarded Technip a lump sum contract for the Causeway field development. The contract covers the engineering, procurement, installation and commissioning of rigid and flexible pipelines, subsea equipment and umbilicals. The work is scheduled for completion in the second semester of 2012. Production start-up is anticipated to begin mid-2012. Causeway is located on Blocks 211/22a and 211/23d in a water depth of 350 feet (107 meters) in the UK sector of the North Sea.

Sep. 2011 - GE Oil & Gas will provide subsea production equipment to Valiant Causeway for the development of the Causeway field. GE will supply two subsea production trees, one water injection system, and rental tooling and installation services for the project. Production should start in the second half of 2012 and installation of the subsea tree system is planned to begin in May 2012. Causeway is located on Blocks 211/22a and 211/23d in a water depth of 350 feet (107 meters), in the UK sector of the North Sea.

Aug. 2011 - Valiant Petroleum has submitted a final Field Development Plan (FDP) to the Department of Energy and Climate Change for the Causeway field. The field has progressed into the development phase. Development plans call for the drilling of a new production well and a water injection well in the East and Far East fault panels, and the operator will utilize existing wells on the field during the appraisal phase. The production well will be completed with dual electrical submersible pumps and first oil is projected for mid-2012. Hydrocarbons will be sent to and processed at the Cormorant North platform operated by TAQA Bratani Limited before being exported to the Sullom Voe terminal. The operator reported that commitments are now in place for all long-lead equipment, and the operator awarded a letter of intent for the main subsea installation contracts to Technip UK Limited. The FDP also includes an option to develop the Central panel, which is under review by the partners. Causeway is located on Blocks 211/22a and 211/23d in a water depth of 350 feet (107 meters) in the UK sector of the North Sea.

Aug. 2011 - Bridge Energy Enterprises Limted has signed a farm-in agreement with TAQA Bratani for UKCS License P201 Block 211/22a North West Area. Subject to approval from governmental authorities, TAQA will accept operatorship and bear the cost of an exploration well on the Contender prospect in the southern area of the block. The well will target the Jurassic Brent series of sandstones at a projected drilling depth of 16,900 feet, less than two kilometers east of the Cormorant North field. Drilling should commence during the first half of 2012 and will be funded by TAQA. If successful, TAQA will receive 60% interest in the southern area of the block and 35% interest on the northern part. Bridge’s remaining interests will be 4% in the Contender sub-area and 6.5% in the Kerloch sub-area.

Apr. 2011 - TAQA Bratani has begun development drilling on the Falcon North field using the Borgsten Dolphin semisub. First oil is expected from Falcon during the second half of 2011. The field is located on Block 210/25 in the UK sector of the North Sea.

Apr. 2011 - Antrim Energy has confirmed that Valiant Petroleum, operator of the Causeway field, has signed an agreement for the export of Causeway crude via the Cormorant North production platform in the UK North Sea. The platform is operated by TAQA Bratani Limited and is located about 9 miles (15 kilometers) west of the Causeway field. Furthermore, a draft of the new field development plan was presented to the Department for Energy and Climate Change and final submission is anticipated during 2011, with production start-up anticipated mid-2012. Causeway is located on Blocks 211/22a and 211/23d in a water depth of 350 feet (107 meters) in the UK sector of the North Sea.

Mar. 2011 - TAQA Bratani has awarded Technip an installation contract for the development of the Falcon field, located in the UK sector of the North Sea in 525 feet (160 meters) of water. The awarded contract includes project management and engineering; installation of a 6-inch production flexible flowline and a 4-inch gas lift flexible flowline; installation of a control umbilical and a subsea distribution unit, both free-issued; removal and replacement of a flexible riser; trenching and backfilling of the flowlines and umbilical; pre-commissioning, tie-ins and testing. Offshore installation is scheduled for completion in the second half of 2011. First oil is expected from Falcon during the second half of 2011.

Feb. 2011 - TAQA Bratani has awarded Expro a 12-month subsea contract in the North Sea, which includes the Falcon development, the company's first field development in the UK. Expro will provide TAQA with large bore landing strings for their 2011 work scope. The Falcon discovery will be developed as a subsea tie-back to the main Tern facilities. First oil is expected from Falcon during the second half of 2011. The field's life expectancy is forecasted at 12 years, and daily production in 2011 is expected to reach a flow rate of 2,850 bopd.

Oct. 2009 - TAQA Bratani, the UK subsidiary of the Abu Dhabi National Energy Company PJSC, achieved oil production from its first North Sea well on October 27, 2009. Drilled from the North Cormorant platform, this well is a sidetrack from the existing CN30 well in the Brent reservoir of the Cormorant field. Under 530 feet (162 meters) of water, the well is expected to produce around 10,000 boepd, and further platform in-fill drilling and mobile drilling for subsea development wells are planned for late-2009 and 2010.