Talisman Energy Sells Sudan Assets

Talisman Energy Inc., a Canadian independent oil and gas producer, sold its indirect interest in the Greater Nile Oil Project in Sudan to ONGC Videsh Limited, a subsidiary of India’s national oil company. The deal closed on March 12, 2003. The aggregate amount realized by Talisman and its subsidiaries from the deal, including interest, was approximately $1.13 billion, subject to post-closing adjustments.

ONGC was represented by Denton Wilde Sapte in Singapore, with a team led by Oliver Wright, and assisted by Sean Korney, Ben Swift and Jacinta Jackson.

Talisman’s legal team was led by Jackie Sheppard, executive vice-president, corporate and legal, assisted by in-house counsel Jim Bell, Penny Becklumb, and by Jonathan Horlick in Calgary.

Talisman and its subsidiaries were also assisted by Macleod Dixon LLP, with a team led by John Fitzgerald, Kevin Johnson, Jack MacGillivray and Harold Jacques (tax) in Calgary; by Slaughter and May in the U.K., with a team led by Christopher Saul and including Gregor Frizzell, Robin Ogle and Graham Iversen; and by Charles Honée of Stibbe in the Netherlands.

Lawyer(s)

Sean Korney Kevin E. Johnson Christopher Saul Graham Iversen John D. Fitzgerald Ben Swift Gregor Frizzell Jack C. MacGillivray Jacinta Jackson Charle Honée Robin Ogle

Firm(s)

Denton Wilde Sapte Norton Rose Fulbright Canada LLP Stibbe Simont Monahan Duhot