As part of the transaction, Talisman’s other affiliates will retain crude transportation rights for about 63,000bopd, which will be used by the company for transporting proprietary crude.
The dispositions are part of Talisman led sales process involving Total Colombia Pipeline and CEPSA resulting in the investment group buying around 22% shareholding in the Ocensa pipeline.
Talisman Energy president and CEO Hal Kvisle said the company has unlocked net value from its portfolio and retained its crude transportation rights, through the transaction.
"This enables us to maintain our competitive advantage by transporting oil from our own operations and generating third party revenue from any surplus capacity," Kvisle added.
