Spain's Repsol has completed its acquisition of Talisman Energy for $15.2 billion (US$13.0 billion). The price consists of $9.33/share (US$8) in cash plus Talisman's net debt. This was the largest upstream deal seen in Canada since China's CNOOC paid $18.1 billion for Nexen in 2012.The deal boosts Repsol's output 70% to 360,000 boe/d and proved reserves are increasing 55% to 2.4 Bboe. Repsol's upstream business will become the company's main growth engine, employing 56%......
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