Talisman Energy Plans New Projects In Iraq And Papua New Guinea

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Talisman Energy Plans New Projects In Iraq And Papua New Guinea

Published: 08-Sep-2009

Talisman Energy Inc. (Talisman Energy) is planning new projects in the Kurdish region of Iraq and Papua New Guinea, Bloomberg reported. The company first wants to see a settlement between the semi-autonomous Kurdish regional government and the Iraqi central government and will wait until parliamentary elections in the country are completed.

“Nothing will happen between now and January, because of elections,” said John Manzoni, chief executive officer. Talisman Energy plans to “increase exposure over time” to the region when issues including export payments are settled between both the sides.

The company is aiming 2-3 trillion cubic feet of gas resources in Papua New Guinea.

In June 2009, it agreed to acquire Rift Oil Plc for GBP108 million ($178.7 million) in cash.

“We’ve been drilling some wells,” Manzoni said. “We will look at any other opportunities and see if we can expand.”

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Talisman Energy Plans New Projects In Iraq And Papua New Guinea

Published: 08-Sep-2009

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The machining of stainless steel and high-temperature alloys used in the manufacture of power generation components is usually fraught with two major problems: achieving consistent levels of productivity and maximising tool life.

A new drilling tool design developed by ATI Stellram has significantly boosted productivity and reduced costs at Young Touchstone, one of the world's leading manufacturers of industrial heat exchangers.

Higher speed and feed rates are the hallmarks of ATI Stellram's redesigned 5505VX ball nose milling tool, which is specially designed for use on a range of difficult-to-machine materials.

CEPMLP is calling for entries to the Steve Weston Prize, an annual essay competition on oil and gas law administered by Energy, Petroleum, Mineral and Natural Resources Law and Policy Education Trust

Acclaimed international arbitration lawyer and expert in east European law Professor Kaj Hobér has been appointed professor of international law at the University of Dundee's Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP).

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