Talisman Sells $595M Colombian Pipeline Interest

Law360, New York (December 10, 2013, 1:19 PM EST) -- Affiliates of Talisman Energy Inc. agreed to sell their 12 percent equity interest in a Colombian oil pipeline company to an Advent International-led consortium for $595 million, the companies said Tuesday.

The sale of the Oleoducto Central SA (Ocensa) assets is part of a bigger plan by Talisman to sell off Colombian properties in order to bolster its balance sheet, the company said. After the sale, other Talisman affiliates will keep their rights to transport 63,000 barrels of oil per day.

"Through this transaction, we have...
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