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Bought 3% interest in Tangguh LNG project in West Papua.

Talisman Energy Inc., Calgary, (NYSE, Toronto: TLM) has acquired a 3.06% interest in the Tangguh LNG project in West Papua, Indonesia, from Chinese oil company CNOOC Ltd. (NYSE: CEO) for US$212 million. The project consists of a number of offshore gas wells, production facilities, pipelines and LNG plant facilities with a capacity of 7.6 million tons per year.