Where We Operate

Headquartered in Calgary, Canada, our main operating areas are North America, the North Sea and Southeast Asia. In addition, we are pursuing a number of international exploration opportunities.

North America

Talisman is becoming a leading, returns-focused shale producer in North America. We have a diversified portfolio that includes interests in shale plays in British Columbia and Quebec in Canada, and Pennsylvania, Texas and New York in the US. We also continue to invest in conventional oil and natural gas properties in Western Canada. We expect future growth to come from low-cost, long-life shale assets.

North Sea

With a decade of sustainable production ahead of us in the North Sea, we are focused on offshore development and exploration activities near the coasts of UK and Norway. Our North Sea production is predominantly light, high-value oil and liquids. Our plan is to maintain the region as a stable cash-generating business.

Southeast Asia

We are involved in exploring and developing oil and natural gas in Indonesia, Malaysia, Vietnam, Australia and Papua New Guinea (PNG). Current production from the region is predominantly oil and liquids or natural gas linked to oil prices. Our Southeast Asia operations are expected to continue as a growth area, with new projects coming on stream over the medium term and with significant exploration upside.

International Exploration

We are building an international exploration portfolio that will contribute to our renewal through the discovery of significant new hydrocarbon resources. In Peru and Colombia, we are building an oil-focused core region. In Southeast Asia, we are exploring prospects offshore Malaysia, Indonesia and Vietnam and onshore PNG. In addition, we are also looking for exploration opportunities to sustain North Sea production. We are also pursuing material growth opportunities in Poland and in the Kurdistan region of northern Iraq.