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

|About: Talisman Energy Inc. (TLM)|By:, SA News Editor

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.