Talisman Energy to begin sale of Kurdish assets
Talisman Energy will sell all or a portion of its Kurdistan assets in Iraq within the next few months, according to a newswire report.
The Canadian producer has selected an advisor to handle the sale and had planned the sale for sometime in the third quarter, a company spokesman told Reuters. In a few weeks, the sales process will begin despite fighting in the region.
In Kurdistan, Talisman owns one block, the Topkhana, and holds a stake in the Kurdamir block with WesternZagros Resources Ltd. The energy company has long said it intends to sell the two properties.
Combat operations in Iraq and Kurdistan may scare off potential buyers, particularly since many oil companies, like Chevron and Exxon Mobil have already evacuated their personnel from the region.
Source Reuters