Repsol to take over Talisman in May

Antonio Brufau, CEO of Spanish oil company Repsol said the company’s takeover of Canadian oil company Talisman Energy will become effective in May.

Brufau said that that once all the requirements agreed to by the parties for the completion of the transaction have been met the integration of Talisman Energy will become effective on May 8th.

A new organizational structure will be unveiled on that same day, with all the executive functions controlled by Josu Jon Imaz.

Repsol says that after the acquisition of the Canadian company, the company will become one of the world’s largest listed companies, adding a portfolio of high-quality and high-potential assets in OECD countries.

Brufau described the deal as “a transformative transaction that makes us one of the most important players in the international energy sector and allows us to grow as a company and reinforce Repsol’s character as an integrated energy company with a solid, competitive project.”

“We have the best chief executive officer (Josu Jon Imaz) to guarantee value creation from the purchase of Talisman,” he said, after announcing that all the requirements agreed to by the parties for the completion of the transaction had been met. “Josu Jon is a model professional who is also young enough to successfully lead the future of this company. He has my full support and that of the board.”

 

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply