Motion · S4M-05261 · 19 Dec 2012

Talisman Joint Venture

Lodged by Brian Adam Standard Motion 27 supporters

The motion

That the Parliament congratulates Talisman Energy Inc. (Talisman) on  the completion of its joint venture transaction with Addax Petroleum UK Limited, an indirect wholly-owned subsidiary of the China Petrochemical Corporation, and understands that the new joint venture will be known as Talisman Sinopec Energy UK Limited and that it will now fund 49% of Talisman's capital programme, allowing Talisman to increase overall investment in the assets, which it considers will lead to improved operational performance and a stronger UK North Sea business.

Supporters (27)

Source: the Scottish Parliament motions and amendments record.