Talisman Energy, Pertamina in talks on possible stake in Duvernay gas fields

Indonesia’s state-run PT Pertamina says it has held early-stage talks with Talisman Energy (TLM +2.6%) about acquiring a stake in the Duvernay shale gas acreage in Alberta.

TLM has been seeking a partner to develop its Duvernay holdings as it looks to raise as much as $2B from asset sales over the next 12-18 months to cut debt.

Acquiring a stake in TLM’s Alberta gas fields would be Pertamina’s first foray into Canada’s oil and gas industry.

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