Talisman strikes again at Shaw

Talisman Energy has discovered hydrocarbons while drilling the Shaw prospect in UK North Sea block 22/22a.

Offshore staff

CALGARY– Talisman Energy has discovered hydrocarbons while drilling the Shaw prospect in UK North Sea block 22/22a. The well tested 4,800 boe/d on a restricted choke, and the company is drilling an appraisal sidetrack.

Shaw is near another recent find, Godwin. Talisman is looking at options to develop Godwin through its Montrose – Arbroath production facilities.

The company says three of its new development projects in the North Sea – Burghley, Auk North, and Auk South – are on schedule and on budget. At Auk North, three batch wells have been drilled, with an initial free flow rate on the first well of 6,500 boe/d through a restricted choke.

At the Tartan complex, production efficiency measures have increased output to around 8,500 boe/d. On the minus side, there was a compressor failure at Claymore that led to eight weeks’ outage. One compressor is online now and a second expected to come online at the end of this month.

Production from Talisman’s Norway operations averaged 39,000 boe/d during 2Q 2009, up 18% on the corresponding period in 2008. However, operating efficiency was lower than expected at Rev, a subsea tieback to BG’s Armada platform in the UK sector.

A sidetrack of the Grevling oil discovery in license PL038, block 15/12, drilled down-dip of the structure, extended the proven oil column. Further potential remains to be tested down-flank. Talisman plans a further appraisal well in 2010, and is examining development options via its nearby Varg floater.

07/29/2009

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