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CALGARY – Talisman Energy Inc., which switched CEOs earlier this week, says it plans to wind down its operations in Peru.

The company’s Peruvian subsidiary has decided to stop exploration in the Maranon Basin and plans to exit the country once it completes ongoing commercial transactions.

Richard Herbert, Talisman’s executive vice-president of international exploration, says despite the company’s success in finding light oil in a property called Block 64, it was unable to build a big enough position there.

Talisman says it enjoyed strong support from the Peruvian government and local authorities.

But that sentiment was not unanimous — members of Amazon indigenous groups have regularly attended Talisman’s annual shareholder meetings to express opposition to oil drilling in the region.

Peas Peas Ayui, president of the National Achuar Federation of Peru, says his community has fought long and hard against Talisman’s drilling, and now his people can focus on achieving their own vision for development.

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