ALGERIA
 
Talisman Algeria Stake ‘Strategic’ Following Pertamina Purchase
 
Canadian independent Talisman says it will keep its 35% stake in Block 405a in Algeria’s Berkine Basin due to “significant relationship reasons” with Indonesian state firm Pertamina. Pertamina in December paid $1.75bn to buy ConocoPhillips’ 65% operator’s stake (implying a $613mn valuation for Talisman’s share).
 
Talisman’s...