The Canada-headquartered group has opted to hub for the Asia Pacific region out of Brisbane. Talisman received support from the Queensland Government, Brisbane Marketing and Austrade in making the decision to host its new Australasian headquarters in Eagle Street, Brisbane.

Dave Nolan, vice president Australia and Papua New Guinea for Talisman Australasia Pty Ltd, said the regional headquarters would support Papuan and Australasian operations across a range of activities including project management and development, engineering, drilling, sub-surface, procurement, logistics, human resources, legal and finance/planning functions.

"Brisbane was the natural choice for Talisman," Mr Nolan said.

"Its location provides easy access to our activities in Australasia and Papua New Guinea and the Queensland Government and Brisbane City Council have created an attractive environment for us to operate in."

Treasurer and Minister for Employment and Economic Development Andrew Fraser said the attraction of another global company to the Queensland was further proof the state was the place to be doing business. 

"This news simply reinforces that Queensland is open for business - we're a state that's pro-business, with low business taxes, a highly-skilled workforce, investment in infrastructure and of course a lifestyle second to none," Mr Fraser said.

"Setting up an Australasian and Papua New Guinea base in Brisbane makes good business sense and will present significant opportunities for Queensland mining equipment and services companies.

"Talisman's new regional HQ will create more than 50 new jobs and help cement our reputation as a global services hub for the mining and energy sector. In South-East Asia, Talisman owns and operates large oil and gas fields in Indonesia, Vietnam and Malaysia.

"The company also holds oil producing assets in Australia and recently acquired gas fields in the Western Province of Papua New Guinea."

Brisbane Marketing's Investment Attraction division worked with Talisman Energy, providing detailed research on the competitive advantages of Brisbane's oil and gas sector.

Lord Mayor Campbell Newman said he welcomed the decision by Talisman Energy to establish its Australian headquarters in Brisbane.

"Talisman's decision to establish its new office in Brisbane shows there is a growing interest from foreign investors to operate in this great city," Cr Newman said.

"Brisbane offers major opportunities for businesses in the oil and gas industry, thanks to our global capabilities in mining technology and services, close proximity to large oil and gas reserves in Queensland, PNG and Asia and access to an extensive international business network."

 "We are grateful for the warm welcome to Queensland and look forward to becoming part of the community," Mr Nolan said.

www.talisman-energy.com

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