Talisman discovers gas condensate field in Colombia

(Reuters) - Talisman Oil & Gas Ltd, a unit of Talisman Energy Inc (TLM.TO), discovered a significant gas condensate field in the Niscota Block of the Andes foothills in Colombia.

The Huron-1 well located in the Niscota Block was spudded in June last year and has been drilled to a current depth of 18,275 feet in a heavily faulted area and encountered several reservoirs, the company said.

Talisman, which holds a 30 percent interest in the Niscota Block, said one reservoir was tested at 3,400 barrels per day of gas condensate.

Currently the well is being deepened to complete the evaluation of the prospective section, and further logging and testing is planned, the company added.

Talisman Energy shares closed at C$16.95 Tuesday on the Toronto Stock Exchange.

(Reporting by Isheeta Sanghi in Bangalore; Editing by Himani Sarkar)