Talisman Energy to Sell Brae Assets in North Sea

Talisman Energy (UK) Limited is initiating a process to sell its assets in the Brae area of the UK North Sea. This is part of the previously announced plan to surface value for the Company's non-core assets.

These non operated assets are:

- 18% interest in the South, North, Central, West Brae fields and the Beinn field

- 16.9% interest in the East Brae field

- 13% interest in the Braemar field

- 9% interest in the SAGE pipeline and terminal

While non-core to Talisman, the package represents an opportunity to acquire interests in some 19,250 boe/day (Talisman share) of low cost production (60% natural gas) and processing/transportation infrastructure in the central North Sea.

Talisman is undertaking a broad review of its non-core assets world-wide, some of which it believes may not be fully reflected in the Company's share price. The Company intends to use any cash proceeds from these asset sales to repurchase Talisman shares.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Executive Protection Coordinator
Expertise: Risk Management|Security
Location: TX
 
United States Denver: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Denver, CO
 
Landman - Midstream Surface Land
Expertise: Landman
Location: The Woodlands, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours