Talisman reports higher production from RI operations
Thursday, February 13 2014 - 12:43 AM WIB
Canadian firm Talisman Energy reported that fourth quarter production from ongoing operations in Indonesia averaged 73,000 boe/d, up from 70,000 boe/d in the third quarter and 68,000 boe/d in same period of 2012 due to completion of project tie-in work, offset by a planned shutdown and lower than expected seasonal demand near the end of the year.
A sales agreement was signed in December to dispose of the Southeast Sumatra assets and is pending government approval, the company said in its fourth quarter report on Wednesday.
The company will continue infill drilling at Corridor and expects to sanction Phase 2 development activities at Jambi Merang block, it added.
The firm has a 36 percent interest in the ConocoPhillips-operated Corridor block PSC in South Sumatra, a 3.06 percent interest in Tangguh LNG project in West Papua and 25 percent interest in Jambi Merang.
Editing by Reiner Simanjuntak