?The Netherlands-based Total Holdings Nederland BV plans to acquire non-operated interests in the Dutch sector of the North Sea from a subsidiary of Talisman Energy Inc., Calgary, (NYSE; Toronto: TLM) for US$480 million.
The assets include 10.25% of the K4b/K5a license, 20.273% of the K5b license and 8% of the E18a license. Talisman’s production from the fields in 2007 averaged approximately 23 million cu. ft. equivalent per day. Year-end proved reserves were approximately 43 billion equivalent.
Talisman president and chief executive John A. Manzoni says, “We continue to focus Talisman’s portfolio in line with our new strategy. With the earlier sale of our Danish assets and now this transaction, the emphasis in the North Sea will be on positioning our U.K. assets as a firm production base and growing our Norwegian business.”
Talisman operates in Canada as well as the U.K., Norway, Southeast Asia, North Africa and the U.S.
Recommended Reading
Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
2024-10-18 - Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
Post Oak-backed Quantent Closes Haynesville Deal in North Louisiana
2024-09-09 - Quantent Energy Partners’ initial Haynesville Shale acquisition comes as Post Oak Energy Capital closes an equity commitment for the E&P.
EQT to Cut Workforce 15% Following Close of Equitrans Acquisition
2024-10-02 - EQT Corp. closed its $5.5 billion all-stock buy of Equitrans Midstream Corp. on Sept. 22.
ONEOK Offers $7B in Notes to Fund EnLink, Medallion Midstream Deals
2024-09-11 - ONEOK intends to use the proceeds to fund its previously announced acquisition of Global Infrastructure Partners’ interest in midstream companies EnLink and Medallion.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.