Talisman to transfer blocks? operatorship, interest to Total

By Febry Silaban

Canadian oil and gas firm Talisman Energy is in the process of transferring all of its interest and operatorship in the South Sageri and Sadang blocks to Total E&P Indonesie (TEPI), Indonesian unit of French energy giant Total SA.

?Currently we are waiting for approval from SKK Migas (upstream authority),? Arividya Novianto, TEPI?s VP HR Communications, General Services & Audit told Petromindo.com last week.

The South Sageri block, located offshore East Kalimantan, is 35 percent held and operated by Talisman. The firm?s partners in the block are Total E&P (45 percent) and Thai oil and gas firm PTTEP (20 percent). Meanwhile, the Sadang block located offshore Makassar Strait is 40 percent held by Talisman, and the remaining is held by Total E&P (30 percent) and PTTEP (30 percent).

If the transfer is approved, Total will hold 80 percent interest in South Sageri and 70 percent in Sadang.

Both blocks were awarded in 2010.

Editing by Alexander Ginting