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.

Horizon joins forces with Canadian giant Horizon joins forces with Canadian giant Horizon joins forces with Canadian giant Horizon joins forces with Canadian giant 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.

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