Talisman reports decrease in Indonesian production

Canadian top oil, gas firm reported on Thursday that its second quarter 2011 Indonesian net production 74,200 barrels of oil per day (BOEPD), 1% higher than last quarter and 5% lower than the same period last year, reflecting increased maintenance activities and planned plant shutdowns at Corridor block in South Sumatra and Tangguh in West Papua during the current period.

The company said its Jambi Merang project in Jambi delivered first gas sales in April, three months ahead of schedule, and attained a daily production of 76 MMCFD gross sales gas (19 MMCFD net sales) by the end of second quarter. Volumes are expected to reach 120 MMCFD gross sales gas (30 MMCFD net sales gas) in the third quarter.

The first of two planned Corridor infill wells was drilled, completed and brought on production. The Sumpal 6 well was brought on stream and is currently flowing at 35 MMCFD gross raw gas (8 MMCFD net sales gas) and it is expected to ramp up to 120 MMCFD (28 MMCFD net sales gas) by the end of next quarter, it said.

At Corridor, the Letang Tengah Rawa optimization project was sanctioned during the quarter and is expected to deliver 45 MMCFD gross sales gas (16 MMCFD net sales gas) to the premium priced Caltex/Duri gas sales contract from the beginning of 2013.

Following maintenance turnarounds in the first half of the year, the two Tangguh production trains are now operating at close to nameplate capacity, it said.

Talisman has a 36 percent interest in ConocoPhillips-operated Corridor Block PSC, a 3.06 percent interest in Tangguh LNG project and 25 percent interest in Jambi Merang. (alex)