Sinopec buys Talisman North Sea stake for $1.5 billion
BY STEVE GELSI
LONDON -- Talisman Energy Inc. said Monday it'll sell for $1.5 billion a 49% stake in oil assets in the North Sea of the U.K. to Sinopec.
The two companies will form a joint venture in a deal that will "proportionately reduce Talisman's share of capital spending, production and abandonment liabilities" for its U.K. business.
Dow Jones Newswires