Talisman?s production in Indonesia up slightly

By Romel S. Gurky

Canadian firm Talisman Energy reported on Tuesday that its production in Indonesia from ongoing operations averaged 73,000 boepd in the third quarter of the year, up 4 percent from the same period last year, but down slightly from the previous quarter.

At Corridor, the first well of a three well development program spud in October and drilling is ongoing. At Tangguh, the renegotiated Fujian pricing contract, which took effect during the quarter, resulted in a realized price increase of 40 percent over the prior period.

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, Jambi.

At Sakakemang, tendering for the 2D/3D seismic program is underway, with exploration drilling planned for 2015, the firm said. The firm obtained approval from the government in May this year to obtain a 90% working interest in the Sakakemang PSC, located between the company?s high-margin Corridor and Jambi Merang PSCs onshore South Sumatra.

Editing by Johannes Simbolon