According to the news source, as part of Talisman’s new strategic plan, the company plans to divest non-core assets accounting for 45,000 barrels of oil per day, for approximately C$2 billion, by the end of 2009.
The Canadian company is also planning to increase capital spending to C$4.9 billion in 2008, with estimates for 2009 pegged at C$5.8 billion. These investments are aimed at bolstering exploration and production activities in southeast Asia, Norway and in unconventional North American assets.
