Talisman spent $73 million in 2002 Indonesian capex
Wednesday, March 5 2003 - 02:08 AM WIB
Canadian oil firm Talisman Energy Limited announced on Tuesday that during 2002, the company spent C$ 73 million in capital expenditure (capex) in Indonesia with the majority on the Corridor gas facilities expansion and development drilling to support additional anticipated gas sales to Singapore and Malaysia.
The company did not specify it?s 2003-capex plan.
The company has 40 percent working interest in ConocoPhillips-operated Corridor Block PSC onshore South Sumatra, which is scheduled to export natural gas through pipeline to Singapore beginning third quarter this year, and another advanced sales negotiation to sell gas to Malaysia is underway.(alex)