By OGJ editors
HOUSTON, Sept. 20 -- Talisman Energy Inc. subsidiary Talisman Energy (UK) Ltd. plans to sell its interests in Brae area fields in the central UK North Sea.
These assets, which Talisman considers noncore, include processing and transportation infrastructure and production totaling 19,250 boe/d, 60% of which is natural gas.
The assets, all operated by others, are:
-- 18% interest in South, North, Central, and West Brae fields and in Beinn field.
-- 16.9% interest in East Brae field.
-- 13% interest in Braemar field.
-- 9% interest in the Scotish Area Gas Evacuation pipeline and St. Fergus terminal in Scotland.
The sale represents part of a review Talisman is conducting of all its global noncore assets, which "may not be fully reflected in the company's share price," it said.
The company will repurchase Talisman shares with any cash proceeds from these asset sales, it said.