Talisman Energy Announces First Oil from HST/HSD Development, Offshore Vietnam Growth Continues in Core Asia-Pacific Region
20 Mayo 2013 - 4:00AM
Marketwired
Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) has announced first oil
production from its Hai Su Trang and Hai Su Den (HST/HSD)
development, offshore Vietnam. Gross production is expected to
reach 15,000 bbls/day once the facilities are fully
commissioned.
"We are delighted to have achieved first oil ahead of schedule
and under budget," said Paul Blakeley, EVP Asia-Pacific. "This
development will help Talisman meet its regional and corporate
objectives of adding near-term, high-margin liquids volumes and
associated cash flow. In addition, it will allow us to evaluate the
further development potential of the HSD field.
"I would like to thank our colleagues from PetroVietnam and its
subsidiary, PetroVietnam Production Exploration Corporation (PVEP),
as well as PTSC, the EPCI contractor, and PV Drilling. Working
closely together, we have been able to deliver first oil in less
than 18 months from project sanction. This is a remarkable
achievement, and consistent with Talisman's objective of bringing
projects on-stream safer, better, faster and at lower cost."
The HST/HSD development is comprised of two offshore oil fields
discovered within Block 15-2/01, on the western edge of Vietnam's
prolific Cuu Long Basin. Block 15-2/01 is operated by the Thang
Long Joint Operating Company (TLJOC) in which Talisman (Vietnam
15-2/01) holds a 60% working interest and PVEP holds the remaining
40%.
The development is located 75 kilometres offshore Southern
Vietnam in shallow water (45 metres), and consists of two wellhead
platforms which have been tied back to the existing Te Giac Trang
FPSO. Four wells at HST have been drilled, completed and tied-in,
and two previously drilled wells at HSD were completed and tied in
by TLJOC, utilizing PV Drilling. Both platforms were constructed in
Vietnam by PTSC Mechanical and Construction, a subsidiary company
of PetroVietnam.
Talisman Energy Inc. is a global upstream oil and gas company,
headquartered in Canada. Talisman has two core operating areas: the
Americas (North America and Colombia) and Asia-Pacific. Talisman is
committed to conducting business safely, in a socially and
environmentally responsible manner, and is included in the Dow
Jones Sustainability (North America) Index. Talisman is listed on
the Toronto and New York stock exchanges under the symbol TLM.
Please visit our website at (www.talisman-energy.com).
Forward Looking Information
This news release contains "forward-looking information" (FLI)
within the meaning of applicable securities legislation. This FLI
includes statements regarding business priorities and plans. The
factors or assumptions on which the FLI is based include
assumptions inherent in current guidance and other risks and
uncertainties described in the filings made by Talisman with
securities regulatory authorities. Talisman believes the FLI are
reasonable but no assurance can be given that they will prove to be
correct. Undue reliance should not be placed on FLI. FLI is based
on current expectations, estimates and projections that involve a
number of risks which could cause actual results to vary and in
some instances to differ materially from those anticipated by
Talisman and described in this news release. The material risk
factors include, but are not limited to: risks associated with
project management and project delays; risks related to strategic
and capital allocation decisions; and changes in general economic
and business conditions. The foregoing list of risk factors is not
exhaustive. Additional information on these and other factors are
included in Talisman's most recent AIF. FLI is based on the
estimates and opinions of Talisman's management at the time the
information is presented. Talisman assumes no obligation to update
FLI should circumstances or management's estimates or opinions
change, except as required by law.
Contacts: Talisman Energy Inc. - Media and General Inquiries
Phoebe Buckland Manager, External Communications
403-237-1657tlm@talisman-energy.com Talisman Energy Inc. -
Shareholder and Investor Inquiries Lyle McLeod Vice-President,
Investor Relations 403-767-5732tlm@talisman-energy.com
www.talisman-energy.com
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