Friday, February 12, 2010

Talisman oil & gas output grew 19%

Talisman reported 19% growth of oil and gas production in Indonesia to 66.500 barrel oil equivalent per day with record production from Corridor block due to higher contract takes.
Last month, Talisman acquired a 25% interest in the onshore Jambi Merang Block where development is underway. Talisman drilled three exploration and 23 development wells in 2009.
Talisman plans to spend $1.1 billion in Southeast Asia in 2010, with exploration spending accounting for $280 million, or 26% of the total.Talisman will commence the Makassar Strait drilling program in Indonesia with two wells in the Pasangkayu block and will acquire seismic in the Andaman III block.

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