A successful restart of the Claymore platform helped Talisman Energy to increase output in the first quarter.
Claymore which came back on stream in February and increasing volumes from Piper and Tweedsmuir helped push North Sea derived production up by more than 20% from the previous quarter to 35,000 barrels of oil equivalent per day.
Total production from ongoing group operations increased to 360,000 boepd in the quarter, up 6% from the comparable period last year.
The production rises helped Talisman to increase cash flow by nearly 20% to $616 million.
“On a year-over-year basis, production from ongoing operations is up 6% and North American liquids volumes are up 45%,” said CEO Hal Kvisle:
“We are steadily improving capital efficiency and reducing costs, and are on track to meet our guidance for 2014.”
