11.4 C
Fort St. John
Sunday, September 15, 2019
9924 101 ave Fort St. John, B.C.
Home News Talisman selling part of Farrell Creek field

Talisman selling part of Farrell Creek field

Calgary based Talisman Energy is selling a 50 per cent stake in its Farrell Creek shale gas field in Northeastern B.C. to Sasol, a South African energy and mining company with about 34 thousand employees.

It’s a one billion-dollar development agreement and it is still subject to regulatory approval.
However, it is expected to close in the first half of next year and Talisman will continue to run the property, which is part of its Monteney shale gas field.

The two companies also agreed to collaborate on other projects.

They include a feasibility study into the economic viability of a facility in western Canada to convert natural gas to liquid fuels.

get the latest news in your inbox


Local Events

Must Read

Edmonton Oil Kings sweep WHL Exhibition Series over Prince George Cougars

DAWSON CREEK, B.C. - Game two of the Western Hockey League Exhibition Series took place yesterday, Saturday, at the Encana Events Centre. Taking part in...