Talisman negotiating for Fulmar, Auk interests

By OGJ editors
HOUSTON, Feb. 22 -- A Talisman Energy Inc. subsidiary entered exclusive negotiations with Shell UK Ltd. and Esso Exploration & Production UK Ltd. to acquire the companies' interests in Fulmar oil field and 100% interest in Auk oil field, both in the central North Sea.

Talisman Energy (UK) Ltd. said it hopes to become operator this year pending a final agreement. The transaction would remain subject to agreement by a partner and UK government approvals.

Fulmar field is on Blocks 30/11b and 30/16s. Auk field is on Blocks 30/16n and 30/16t. Talisman has a 12.7% interest in Fulmar field.

In the same area, Talisman holds a 95% interest in Clyde oil field and a 93.7% interest and Orion oil field, both of which, along with Auk and Gannet fields, produce through Fulmar facilities.