Governance

Repsol Sinopec Resources UK Limited is a joint venture between Repsol and Sinopec. It arose from the acquisition, in 2015, by Repsol, of the global assets of the former Talisman Energy Inc, including its 51% equity interest in the joint venture, previously called Talisman Sinopec Energy UK. 

In 2015 TEI (including its 51% shareholding in Talisman Sinopec Energy UK Limited) was acquired by Repsol SA and in January 2016 TEI was re-named Repsol Oil & Gas Canada Inc.  

Timeline: 

  • In July 2012, Talisman Energy Inc. (TEI) announced that Sinopec had agreed to acquire a 49% equity interest in Talisman's UK North Sea business.   

  • Talisman Sinopec Energy UK Limited was created in December 2012 as a joint venture between Talisman Colombia Holdco Limited (TCHL), a subsidiary of TEI and Addax Petroleum UK Limited (APUK), a subsidiary of China Petrochemical Corporation (Sinopec Group).  

  • In 2015 TEI (including its 51% shareholding in Talisman Sinopec Energy UK Limited) was acquired by Repsol SA and in January 2016 TEI was re-named Repsol Energy Oil & Gas Canada Inc.  

  • Talisman Sinopec Energy UK Limited was re-named Repsol Sinopec Resources UK Limited in July 2016 

We have a Board and Executive Committee comprising representatives from both shareholders. The Leadership Team, headed up by Bill Dunnett, manages the day to day business operations, with the Board and Executive Committee having authority in respect of certain operational, corporate and strategic matters.

Board of Directors