Talisman posts higher production in 2012

By Romel S. Gurky

Canadian firm Talisman Energy Inc. reported that 2012?s production in Indonesia was up slightly over the previous year, with the ramp-up at Jambi Merang block and increased volumes at Tangguh largely offset by the Suban field unitization at the Corridor block.

Underlying production rose by 8 percent compared to 2011 (after accounting for Suban unitization), it said in a report.

Fourth-quarter production fell due to planned maintenance at Corridor and Tangguh. As part of its objective to focus on core areas, Talisman has agreed to sell its 5.03 percent interest in Offshore North West Java to Pertamina, subject to final approvals.

?	Three Months Ended		Year Ended
?	2012	2011	2012	2011
Indonesia liquids (mbbls/d)	11	11	11	11
Indonesia gas (mmcf/d)	379?	409	402	393
Indonesia total (mboe/d)	74	79	78	77

Editing by Dadan Wijaksana