IRAQ

 

Talisman Set To Shed KRG Assets

 

Canadian independent Talisman Energy is looking to shed some or all of its Kurdistan assets to generate cash flow. This forms part of a planned $2bn divestment over the next 12-18 months after reporting a net loss of $1.2bn for 2013.

The company, which is on the verge of announcing commerciality at its Kurdamir block in the Kurdistan Regional Government (KRG), says it cannot bear the heavy cost of development alone.

The company said in...