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Talisman to inaugurate drilling programme on its Polish concessions in September


2011-05-23



Talisman Energy (TE), a Canadian oil and gas exploration and production company, plans to start drilling for shale gas on all three of its concessions in northern Poland later this year, having all but completed the seismic programme, Tomasz Maj, General Manager of TE Polska, told Puls Biznesu.

Talisman has already hired a PGNiG subsidiary from Pila (Wielkopolskie voivodship) to perform the drilling work. Exploratory drilling costs are estimated at PLN 20-24m (€5.1-6.1m) per well, depending on geological and geographical conditions. As the first step, in September drilling will get underway on Talisman’s West Gdansk concession, to be followed by Braniewo in November, and Szczawno in December.

The concessions were originally owned by San Leon Energy of Ireland. In March 2010 San Leon signed a joint venture agreement with Talisman that gave the Canadian firm a 60% interest in each of the three concessions.

According to San Leon’s estimates, the concessions have a potential of 4-6 trillion cubic feet of recoverable natural gas.



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