By OGJ editors
HOUSTON, Oct. 11 -- Talisman Energy (UK) Ltd. has agreed to pay an undisclosed sum to Shell UK Ltd. and Esso Exploration & Production UK Ltd. to acquire the companies' combined 85.81% interest in Fulmar oil field and a 100% interest in Auk oil field in the Central North Sea.
Subject to government and other approvals, Talisman is expected to become operator of the fields later this year.
Fulmar, on Blocks 30/11b and 30/16s, and Auk, which lies on Blocks 30/16n and 30/16t, produces about 8,000 b/d of oil (OGJ Online, Feb. 22, 2006). Auk has remaining about 675 million bbl of oil.
Talisman also has agreed to acquire Hess Ltd.'s 1.48% interest in Fulmar field. Pending completion of both transactions, Talisman will hold a 100% interest in this field.
