Talisman Awarded Four UK North Sea Blocks

Talisman Energy has been awarded four new exploration blocks in the UK North Sea. Blocks 19/3 and 19/4 were awarded in the 21st Round of UK offshore licensing to a consortium consisting of Talisman, EnCana U.K. Limited (EnCana U.K.), a wholly-owned subsidiary of EnCana Corporation and OMV (Talisman 37.5% equity, EnCana 42.5%, OMV 20%). These blocks are located in the Moray Firth midway between Talisman's Ross field and the Buzzard discovery. New 3D seismic will be acquired prior to drilling two exploration wells on the blocks.

Also in the 21st Round, Block 16/1, adjacent to the Talisman interest Brae fields, was awarded to a consortium consisting of Talisman, Marathon, BP and Nippon (Talisman equity 18.37%). Reprocessing of seismic data and related studies will be undertaken prior to a decision on whether or not to drill in the block.

In addition, Talisman and EnCana applied for and were awarded Block 13/26b as an 'out-of-round' award (Talisman 55% and Operator, EnCana 45%). This block is adjacent to the Talisman owned Block 13/26a and close to the Ross field. A well will be drilled on this block in the next year.

"We are delighted with these awards," said Dr. Jim Buckee, President and Chief Executive Officer. "These blocks are in areas close to our existing operations, where we see good potential for further exploration success following our recent discoveries in the area."

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