KANATA Energy Group

KANATA in its joint venture with TAQA North to expand the Valhalla Facility

Client

KANATA Energy Group Ltd.

Value

-

Service

Mergers and Acquisitions

Date Closed

December 2018

Industry

Energy (Oil & Gas)

Lead Office

Calgary


On December 14, 2018, KANATA Energy Group Ltd., together with its joint venture partner TAQA North Ltd., announced the successful completion and start-up of the Valhalla Sour Gas Processing Facility. The facility processing capacity was expanded to include additional liquids handling and underground acid gas disposal, improving the environmental footprint of the area’s oil and gas operations. Customers will have egress optionality as the facility is connected to both the TransCanada and Alliance pipeline systems. KANATA will be assuming operatorship of the facility and is marketing available processing capacity.

KANATA, located in Calgary Alberta, is a privately funded midstream infrastructure and service company with equity financing from a group of leading private investors.

TAQA North, based in Calgary, Alberta, is the indirect wholly owned subsidiary of The Abu Dhabi National Energy Company PJSC, a global energy company with operations in power generation, desalination, upstream oil/gas, pipelines and gas storage.

Osler, Hoskin & Harcourt LLP represented KANATA with a team led by Janice Buckingham that also included Simon Baines, Kevin Lemke (Energy) and Paula Olexiuk (Construction and Energy), Jessica Kennedy (Regulatory) and Alan Kenigsberg (Tax).


Team
Simon C. Baines - Energy Lawyer in Calgary

Simon C. Baines

Partner, Energy

Paula Olexiuk - Energy and Construction Lawyer

Paula Olexiuk

Partner, Energy

Jessica Kennedy

Jessica Kennedy

Associate, Regulatory, Environmental, Aboriginal and Land

 Alan Kenigsberg - Cross-border tax lawyer

Alan Kenigsberg

Partner, Tax