TAQA Energy B.V. (TAQA) has announced that it has sold its Upstream oil & gas activities in the Netherlands to Waldorf Energy Netherlands B.V. (Waldorf).

BarentsKrans has advised TAQA on the employment related aspects of the split between TAQA’s Upstream activities and its other activities, for example its gas storage facility in the Alkmaar area, and the sale of the (separated) Upstream activities to Waldorf. BarentsKrans also assisted TAQA management in the associated consultation processes. The BarentsKrans team consisted of Laurens de Graaf and Hans Mulder.

The sale is subject to approval from the regulatory authorities.