Canadian oil and gas firm Talisman Energy Inc. (TLM,TLM.TO) announced that Talisman Energy Poland B.V. has agreed to transfer its interests in Poland to its partner San Leon Energy. San Leon would buy Talisman Energy Polska Sp. z o.o., which is 100% held by Talisman Energy Poland B.V., including all assets and drilling equipment. The deal enables Talisman to exit the country with no outstanding commitments or liability.
"Talisman's decision to exit Poland is driven by our strategic priority to focus on production within our two core areas: the Americas and Asia-Pacific," according to Paul Warwick, Executive Vice-President, Europe-Atlantic.
Talisman reached a farm-in deal with San Leon in 2010 to earn a 30% working stake in three blocks in the Baltic Basin, and has drilled one vertical well in each block. The company has closed its office in Warsaw.
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