Indonesia's Pertamina looking at investing in Talisman's Duvernay assets

Wed Jun 11, 2014 12:30pm EDT
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CALGARY, Alberta, June 11 (Reuters) - Indonesia's state energy firm Pertamina is in talks with Canadian energy company Talisman Energy Inc about a potential partnership in Alberta's Duvernay play, Pertamina chairman Dr Sugiharto said on Wednesday.

Speaking at an energy conference in Calgary, Alberta, Sugiharto said discussions were in their initial phases but Talisman had huge undeveloped reserves in the Duvernay and Pertamina should be able to develop a partnership in Canada.

Pertamina's capital expenditure budget, which includes international mergers and acquisitions, is $7.9 billion in 2014, Sugiharto said. (Reporting by Nia Williams)