By OGJ editors
HOUSTON, Aug. 15 -- Talisman Malaysia Ltd., a wholly owned subsidiary of Talisman Energy Inc., Calgary, reported first oil production Aug. 14 from South Angsi field on Block PM-305 off Malaysia.
Talisman expects the field to produce at a plateau rate of about 12,000 b/d, net to Talisman. At yearend 2004, Talisman booked about 29 million bbl of reserves at South Angsi—20 million bbl proved, 9 million bbl probable. Development drilling, Talisman said, has confirmed this estimate.
Jim Buckee, Talisman president and chief executive officer, said that the field development plan was approved in January 2004 and that the company recently completed a seismic survey, which has identified further exploration potential close to the South Angsi field on Block PM-314. "We intend to drill a prospect later this year," Buckee added.
Talisman Malaysia is operator and holds a 60% interest in Blocks PM-305 and PM-314. Petronas Nasional Berhad holds the remaining 40% interest through its exploration and production subsidiary Petronas Carigali Sdn. Bhd.
