Talisman holds a 41% operated interest in Block PM-3 CAA PSC between Malaysia and Vietnam and associated production facilities. In addition, Talisman holds a 33% interest in Block 46-Cai Nuoc adjacent to PM-3 CAA and a 60% interest in each of Block PM-305 and Block PM-314. In Block PM-3 CAA, Talisman operates facilities referred to as the ‘‘Southern Fields’’ and the ‘‘Northern Fields.’’ Licenses in the PM-3 CAA are currently subject to negotiations for extension. A multi-well drilling program is ongoing at Block PM-3 CAA. Four wells were successfully drilled and completed and a fifth well was drilling at year-end.
Talisman holds a 70% working interest in exploration licences for SB-309 and SB-310, offshore Sabah in east Malaysia. The first commitment exploration well was drilled and abandoned in April 2013. Talisman holds a 60% equity interest and operatorship of the Kinabalu Oil PSC, which is a mature offshore oilfield in the Malaysian Sabah Basin. In 2013, one infill well was drilled at Kinabalu and production commenced in December 2013. A second infill well was drilling at year-end.
In 2013, Talisman’s net share of production in Malaysia averaged 38 mboe/d, which accounted for approximately 30% of Talisman’s total Southeast Asia production.
Talisman plans to continue its multi-well rejuvenation program at Kinabalu throughout 2014 and drill up to four exploration wells in Sabah. At PM-3 CAA, Talisman plans to drill nine infill wells and three exploration wells in 2014.