GAS CONDENSATE

Horizon joins forces with Canadian giant

CANADIAN giant Talisman Energy has increased its foothold in Papua New Guinea with a $US60 million ($A69 million) farm-in deal into Horizon Oil's gas-condensate interests in the Western Province of PNG.

Marija Stojkovic

Horizon joins forces with Canadian giant

Under the deal, Talisman will acquire a 50% interest in PRL 4, which contains the Stanley gas-condensate discovery, and a 50% interest in PRL 5, which contains the Elevala and Ketu discoveries. Talisman...

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