Confirming an exclusive report in UpstreamOnline, Talisman agreed to pay C$529 million ($346 million) in cash to Lundin for its operations in Malaysia, Vietnam, Papua New Guinea and the UK North Sea.
In addition, Petro-Canada, which is still 18% owned by the Canadian government, agreed to pay $73 million for Lundin's interests in Libya - another oil-rich African country subject to US sanctions.
The
