Noreco buys Talisman Denmark unit for $83 million

A wholly owned subsidiary of Talisman Energy Inc. of Calgary is selling all its shares in Talisman Oil Denmark Ltd. to Norwegian Energy Co. ASA for $83 million.

By OGJ editors
HOUSTON, May 1 -- Norwegian Energy Co. (Noreco) will acquire shares in Talisman Oil Denmark Ltd. from a wholly owned subsidiary of Talisman Energy Inc. for $83 million.

Talisman's interests in the North Sea off Denmark include 30% of License 6/95, which contains Siri field. Talisman's production from Siri field for 2007 averaged 2,600 boe/d.

The sale, subject to approval by the Denmark government, is expected to be completed later in the year.

Talisman Pres. and Chief Executive Officer John Manzoni said the company will "resize" its North Sea assets.

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