Bitexco Energy Ltd., a wholly-owned subsidiary of Bitexco, today announced that it has received the necessary approvals from the competent Vietnamese authorities to complete the procedures for owning Talisman (Vietnam 15-2/01) Ltd., a company incorporated in Canada.
|Bitexco Energy has completed the acquisition of Talisman (Vietnam 15-2/01) in Canada |
The move follows a share purchase agreement signed between Bitexco Energy and Repsol Exploración SA in August. Accordingly, Bitexco Energy officially owns all shares of Repsol Exploración SA at Talisman (Vietnam 15-2/01) established in Canada.
Bitexco Energy now holds 60 per cent of the oil and gas exploitation contract for the Block 15-2/01 offshore platform. The company also holds 60 per cent of operating rights in Thang Long Joint Operating Company (TLJOC).
Bitexco Energy is part of Bitexco Group. The mission of Bitexco Energy is to contribute to the prosperity of Vietnam by developing clean energy projects, renewable energy with high responsibility for environmental protection. Launched in 2002, Bitexco Group has under its portfolio 21 electric energy projects, as well as two oil and gas projects.
|Bitexco Energy is now the owner of all of Repsol’s shares in Talisman (Vietnam 15-2/01) |