Talisman Energy is a Canadian-based oil and gas exploration and production company that has been active in the Iraqi market since the early 2000s. The company has focused on developing oil and gas resources in the Kurdistan region of Iraq, specifically in the Taq Taq and Tawke fields.
Talisman first entered the Iraqi market in 2003, shortly after the fall of Saddam Hussein and the start of the Iraq War. The company saw potential in the country's untapped oil and gas resources, and began to explore opportunities for development. In 2007, Talisman signed a production sharing agreement with the Kurdistan Regional Government (KRG) to develop the Taq Taq field, which is located in the Kurdish region of northern Iraq. The field is thought to contain significant oil reserves, and Talisman has been working to extract and produce oil from the field since 2007.
In addition to its work in the Taq Taq field, Talisman also entered into a production sharing agreement with the KRG to develop the Tawke field in 2010. This field is located in the same region as the Taq Taq field, and is also thought to contain significant oil reserves. Talisman has been working to extract and produce oil from the Tawke field since 2010, and has made a number of significant discoveries at the site.
Despite the potential for significant oil and gas resources in Iraq, Talisman's operations in the country have not been without challenges. The political and security situation in Iraq has been volatile in recent years, and the KRG has faced tension with the central government in Baghdad over the management and distribution of oil and gas resources. This has at times made it difficult for Talisman to operate in the country, and the company has had to navigate a complex and sometimes hostile operating environment.
Despite these challenges, Talisman has remained committed to its operations in Iraq and has continued to invest in the development of the Taq Taq and Tawke fields. The company believes that the potential for oil and gas production in Iraq is significant, and that its work in the Kurdish region of the country will continue to be an important part of its business in the coming years. Overall, Talisman Energy's operations in Iraq have been a significant part of the company's business, and the company has made a number of significant discoveries and investments in the country.