In Colombia, it's a little slow as we wait for the authorities to grant the relevant operating permits, but we're making progress, and I expect through this year we will see increasing news flow. In Vietnam, we started drilling the Ngoc Thach exploration well in Block 5.2 in the Nam Con Son Basin. We wrote-off the unsuccessful Situche Norte well in Peru. We hope that well would more or less doubled the commercial reserves we all already have in Peru, but it didn't work. We are reviewing now how to proceed in Peru in light of that result, and we'll finalize our plans in the next quarter.We've had a good start to the year with disposals and have secured about $1 billion so far. This is about focusing our portfolio. We continue to examine options in the North Sea, including the dilution of some of our big redevelopment projects there, and I've also said we'll look at our exploration portfolio.
Talisman Energy's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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