Exploration & Production | People
Talisman Energy To Layoff 90 Employees In Its Calgary Office
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After thoughtful analysis, Talisman Energy has reorganized and streamlined its Canadian operations; this has resulted in the layoff of 90 employees in its Calgary office. This is largely due to low North American natural gas prices, which have resulted in Talisman significantly reducing spending on dry gas plays. The company continues to employ about 1,500 staff in Canada, 1,200 of them in Calgary. In the fourth quarter of 2012, Talisman's Canadian production was approximately 81,000 boe/d.
In October 2012, Talisman Energy announced a shift in strategic direction. The company's overriding objective is to improve shareholder returns by improving cash margins on the barrels it produces, more careful allocation of capital and better execution within a focused portfolio. A key part of this is…
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