Talisman strikes oil off Trinidad and Tobago

Talisman Energy Inc. and its partners made an oil discovery with the Ruby-1 exploration well on Block 3(a) 30 miles off the northeast coast of Trinidad and Tobago.

Nov. 2, 2006

Uchenna Izundu
International Editor

LONDON, Nov. 2 -- Talisman Energy Inc. and its partners made an oil discovery with the Ruby-1 exploration well on Block 3(a) 30 miles off the northeast coast of Trinidad and Tobago. On test Ruby-1 produced 5,000 b/d of oil through a 7/8-in. choke from a limited interval within the pay section.

The well, which was drilled to TD 5,750 ft, found 1,200 ft of hydrocarbon-bearing sands, including more than 800 ft of net pay. Talisman said its Kingbird-1, an exploration well drilled prior to Ruby-1, found 80 ft of gross hydrocarbon pay and was abandoned without testing pending further technical studies.

Wholly owned subsidiary Talisman (Trinidad Block 3a) Ltd. holds 25.5% working interest in Block 3(a). Partners BHP Billiton (operator) and Anadarko Petroleum Corp. each hold 25.5% interest. Petrotrin has 15% interest and Total SA holds 8.5% interest.

Contact Uchenna Izundu at [email protected].