Camerons reaches $1bn in 2006 talisman deals

Canadian oil company Talisman’s $550m (£276.74m) disposal of North Sea assets to a subsidiary of the Abu Dhabi National Energy Company (TAQA) has pushed the value of deals that CMS Cameron McKenna has advised on for Talisman to more than $1bn (£503.17m) in 2006 alone. The oil company has a longstanding relationship with Camerons’ Aberdeen office in particular, with oil and gas partner Stephen Millar managing the relationship, which dates back to Talisman’s first North Sea ventures in the 1990s and Millar’s previous role at Aberdeen firm Paull & Williamsons. Millar also led on the Taqa Bratani deal with assistant solicitor Frank Fowlie, which saw Talisman sell its non-operated assets in the North Sea’s Brae Oilfield to Taqa, which instructed McGrigors. Energy partner Clare Munro led the team. Munro was part of a 12-partner team picked up by McGrigors in its 2006 takeover of Ledingham Chalmers.