Talisman looks forward to exciting future in North Sea

By Ross Davidson

Published: 18/12/2012

Talisman Energy said yesterday it was looking forward to an exciting future in the North Sea after completing the £956million sale of nearly half its UK assets.

Talisman said the deal with Chinese oil firm Sinopec had been approved by both the European Union and the Chinese government and had now been finalised.

Under the terms of the agreement for 49% of Talisman’s North Sea business, the Canadian company and its Far Eastern counterpart will form an Aberdeen-based joint venture called Talisman Sinopec Energy.

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