CALGARY (Yosefardi) – Talisman Energy Inc. produced 71,000 boe/d in In Indonesia during first quarter of this year, in line with the same period last year but down slightly from the previous quarter, with lower fluctuating demand and facility maintenance offset by a full quarter of production following completion of facility upgrade projects at Corridor in 2013.
In April, Talisman acquired a 90% working interest farm-in to the Sakakemang PSC, a prospective block located between the company’s existing Corridor and Jambi Merang PSCs. A seismic program on the block is expected to commence in the third quarter of this year.
In Southeast Asia and the North Sea, realized oil and liquids prices decreased by 2% and 6% respectively, consistent with decreases in Brent pricing and regional benchmarks. While realized natural gas prices – which are primarily linked to oil based indices or fixed price contracts – decreased by 11% year-over-year, reflecting lower oil prices. Across the company, realized natural gas prices increased by 8% year-over-year, averaging $6.43/mcf.
In Indonesia, Talisman received government approval to obtain a 90% working interest in the Sakakemang PSC, located between our existing high-margin Corridor and Jambi Merang PSCs.