Talisman holds non-operated interests in the Laminaria and Corallina fields offshore Australia, and in the Joint Petroleum Development Area (‘‘JPDA’’) 06-105 PSC between Australia and Timor Leste. Production in Australia averaged 3,500 bbls/d in 2010, accounting for 3% of Talisman’s total Southeast Asia production.
In the second quarter of 2010, the Kitan development project in JPDA 06-105 was approved by the joint Timor Leste/Australia Authority. The Kitan project is on schedule for first production around the end of 2011. Three development wells were drilled in 2010, and an additional development well was drilled in the first quarter of 2011.
In 2011, Talisman plans to progress the Kitan development project in JPDA 06-105 towards first production.
