By OGJ editors
HOUSTON, Dec. 19 -- Talisman Energy Inc., Calgary, plans to spend $4.4 billion (Can.) on exploration and development in 2006, which would be 36% more than its 2005 budget.
Projects in the US, Canada, and the North Sea will account for more than 80% of anticipated spending, Talisman said.
The Calgary independent expects to drill 685 gross wells during 2006. Production is expected to average 515,000-545,000 boe/d.
About $2.1 billion will be spent on drilling, $1.7 billion on facilities and equipment, and $450 million for land and geological and geophysical costs.