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) and Addax Petroleum UK Limited (APUK).

  • 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.

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

  • Repsol Sinopec Resources UK Limited is owned by TCHL (51% shareholding) and APUK (49% shareholding). TCHL is a subsidiary of Repsol S.A., which is registered in Spain. APUK is ultimately owned by state owned entities of the People's Republic of China.


We have a Board and Executive Committee comprising representatives from both shareholders. The Executive Management Team, headed up by Jose Luis Muñoz, 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: