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Marubeni successfully completes exploration in UK North Sea
05
Mar '08
Marubeni North Sea Ltd. (a wholly owned subsidiary of Marubeni Corporation) has successfully completed appraisal drilling on the Cayley condensate gas discovery, located in the UK Central North Sea with their partner, Talisman Energy (UK) Ltd. (operator, a wholly owned subsidiary of Talisman Energy Inc, one of the largest Canadian upstream company).

The Cayley discovery was well drilled from 2007 and tested at a constrained rate of 2,846bbls/day of condensate and 29.7 mmcf/day of gas (total about 8,000boe/day). Marubeni has a 41.03% working interest in the Cayley discovery, the rest is owned by Talisman.

Marubeni owns the adjacent exploration acreage with Talisman which has the identified prospects to be explored in the near future.

Outline of Talisman Energy Inc
Location : 3400, 888 - 3rd Street SW Calgary, Alberta, Canada T2P 5C5
Establishment : early 1950's
President & CEO : Mr. John A. MANZONI
Employee : 2,388 (as of the end of 2006)
Shareholder's Equity : C$ 2,533million
Gross Sales : C$9,362million
Outline of Business : Oil & Gas development.

Marubeni North Sea Ltd

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