Operational Updates
Talisman To Exit Peru
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Talisman Energy, has announced its decision to stop exploration activities in the Marañon Basin in northern Peru, performed by its subsidiary, Talisman Peru B.V., and exit the country upon completion of ongoing commercial transactions. Talisman Peru B.V. is the operator in blocks 64 and 103 and has non-operated interests in blocks 123 and 129. Talisman has been exploring in northern Peru since 2004.
Richard Herbert, Executive Vice-President, International Exploration of Talisman Energy Inc., said, "Despite our success in finding light oil in Block 64 (Situche Central), we have been unable to build a material resource position in Peru. After careful consideration, a decision has been made to exit Peru and focus on near-term liquids and oil-linked gas opportunities in our global portfolio…
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