The new players - what's happening?

The oil company Talisman Energy and its activities in the North Sea are presented. The global corporation's strategy is briefly outlined, and this includes focus on upstream activities, area and product mix, having operator responsibility and exploration activities. North America and the North Sea represent 69 percent of the company's reserves and 76 percent of the production. the North Sea challenges for the future are among others the Norwegian fiscal system which does not stimulate marginal activities, leading to a lower level of activity, less focus on cost, premature removal of offshore infrastructure and fewer discoveries of new reserves (ml)