(Aberdeen) Talisman Energy (UK) is looking to sell its assets in the Brae area of the UK North Sea. These comprise 18% of the four Marathon-operated Brae South, North, West, and Central fields, and the associated structure Beinn; 16.9% of East Brae; 13% of Braemar; and 9% of the associated Sage pipeline and terminal.
Collectively, these assets represent 19,250 boe/d of low cost production, of which 60% is natural gas. Talisman is making them available as part of a worldwide review of its non-core interests. Any cash proceeds will be used to repurchase Talisman shares.