The acquisition of Talisman will make the company one of the most important in the energy sector among the 15 most important private oil companies in the world and strengthen its position as an integrated energy company with a solid and competitive project.
The operation will provide an important platform for growth thanks to the integration of top-quality production assets and areas of high exploration potential in Canada, the United States and Southeast Asia, among others, which will increase production by 76% and the volume of proven reserves by 5%.
The company will increase its presence in countries with high geopolitical stability. North America will assume almost 50% of the capital employed in its hydrocarbon exploration and production activity, while Latin America will assume 22%.
Talisman has been considered as the best option because of the complementarity of its assets and the talent of its employees. Its integration with a global energy company and with one of great financial strength like Repsol, will strengthen its activity and growth and provide value to the Canadian economy.
Repsol has agreed with Talisman energy to acquire 100% of the shares of the Canadian company for US$8.3 billion, which represents the largest international deal by a Spanish company in the last five years.
Repsol is an integrated global energy company with vast sector experience. We carry out Upstream and Downstream activities across the world. We are a global company that seeks the welfare of people and is a step ahead in building a better future through the development of smart energy.