Talisman Energy / Repsol

Company Overview

Talisman is committed to conducting its business safely and in an ethically, socially and environmentally responsible manner. The company is a participant in the United Nations Global Compact and is also included in the Dow Jones Sustainability North America Index. Talisman was the first Canadian company to join the Voluntary Principles on Security and Human Rights Plenary Group developed by the United States (US) and United Kingdom (UK) governments.

Talisman was established in 1992 and is headquartered in Calgary, Canada. Talisman is listed on the Toronto and New York stock exchanges under the symbol TLM. The company is also part of the S&P/TSX 60 Index.

Talisman’s Canadian assets are focused around liquids and gas in the Greater Edson area of Alberta, conventional oil in the Chauvin area of Alberta/Saskatchewan, liquids-rich gas in Alberta’s Duvernay play, and natural gas in the Montney play in British Columbia. Talisman spent approximately $353 million to develop its assets in Canada in 2013, resulting in total production of 461 mmcfe/d (77 mboe/d). The Company expects to have five active rigs in Canada in 2014 (Greater Edson: 3 rigs; Duvernay: 1 rig; Chauvin: 1 rig).

Talisman’s operations include approximately 1,035 km of gathering systems in Western Canada, and five operated gas plants in the Edson area. These assets support many of the Company’s conventional activities, including the Alberta Foothills, Greater Edson and Chauvin. Total 2013 throughput (adjusted for sale) averaged 170 mmcf/d for gas and 31.9 mboe/d for oil, while generating revenues of $26 million in custom processing.