Talisman records Q3 Indonesian production increase

Canadian top oil company Talisman Energy announced on Tuesday its Indonesian net oil, gas production during the third quarter of the year averaged 36,000 barrels of oil equivalent per day (BOEPD), up 6% from the second quarter of 2003.

The company said the increase was mainly due to stronger Caltex sales for the Duri steam flood project and the commencement of sales of Corridor gas to Singapore in September.

Under the terms of the 20-year gas sales agreement signed February 12, 2001 with Gas Supply Pte Ltd., sales to Singapore from the Corridor Block and two other third-party blocks in Sumatra are expected to peak at 367 million standard cubic feet per day (MMCFD) in 2009, of which gas sales from the Corridor Block will be about 155 MMCFD. Talisman has 36 percent working interest in ConocoPhillips-operated Corridor block onshore South Sumatra.

Negotiations for the sale of over 2.3 TCF of Corridor gas to West Java are very active, said the company.

Meanwhile, the company said the successful fracture stimulation program at Tanjung oil block onshore South Kalimantan continued into the third quarter with production rates maintained at 6,100 BPD (net Talisman)

Aside from interest in both blocks, Talisman also has interests in Ogan Komering block and Jambi blocks in South Sumatra and Madura Offshore block in East Java.(alex)