Poland's Lotos May Seek Compensation From Norway Oil Field Operator
11 February 2012 - 12:17AM
Dow Jones News
Polish state-controlled oil refiner Grupa Lotos SA (LTS.WA) may
seek compensation from Canada's Talisman Energy Inc. (TLM.T) over a
delay in the start of production at the Yme oil field off Norway's
shore, said Pawel Olechnowicz, Lotos chief executive Friday.
Talisman operates the Yme field, in which Grupa Lotos through
its Norwegian unit holds 20% in the Yme field. Talisman told
Reuters on Thursday the Yme project may not begin in 2012, as
expected earlier.
"We're analyzing various options. I'm not expecting today that
we'll pull out from the Yme project, but I assume that the cost of
delays and lost benefits will be covered," he said on news channel
TVN CNBC. "We will pursue this from Talisman using the legal or
business path."
-By Marcin Sobczyk, Dow Jones Newswires; +48 22 447 2432;
marcin.sobczyk@dowjones.com
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