Spain’s Repsol to acquire Talisman Energy
The acquisition is Repsol’s largest international deal in five years and once the acquisition is concluded, Repsol aims to improve its upstream businesses by increasing its output 76% to 680,000 barrels of oil equivalent per day and thereby boost reserves by 55% to more than 2.3 billion barrels of oil equivalent. The deal will also help the company to reduce reliance on oil producing assets in politically risky areas such as Libya and to diversify and improve its asset base.
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