2009-08-19-2007-02-01

Proved: 18.5 MMBOE

Taqa Bratani Ltd., a subsidiary of Abu Dhabi National Energy Co., Abu Dhabi, UAE, (Abu Dhabi: TAQA) plans to acquire the nonoperated interests in the Brae assets in the U.K. North Sea from Talisman Energy (UK) Ltd. and Talisman LNS Ltd., U.K.-based subsidiaries of Talisman Energy Inc., Calgary, (Toronto, NYSE: TLM) for US$550 million. The assets include an 18% interest in South, North, Central and West Brae fields, an 18% interest in Beinn Field, a 16.9% interest in East Brae Field, a 13% interest in Braemar Field, an 18% interest in Brae-to-Forties oil-export line, a 9% interest in the Sage pipeline and onshore terminal, a 9% interest in the Brae-Miller Linkline and various exploration interests. Talisman also receives transportation and processing revenues from third-party fields. Total net production is approximately 19,000 barrels of oil equivalent per day. Proved reserves are 18.5 million barrels equivalent and proved-plus-probable reserves are 34 million barrels equivalent. Talisman president and chief executive Jim Buckee says, "These are high-quality assets but non-strategic to Talisman. We have exciting and profitable growth opportunities elsewhere in the North Sea, with 10 subsea developments under way." The deal is expected to close later this year.