Bitexco Energy Ltd. acquires all shares of Talisman (Vietnam 15-2/01) Ltd.
On August 20, Bitexco Energy Ltd. signed a share purchase agreement with Repsol Exploración SA to acquire all of its shares in Talisman (Vietnam 15-2/01) Ltd.
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| Bitexco Energy Ltd. acquired all shares of Talisman (Vietnam 15-2/01) Ltd. |
As disclosed by Bitexco Group, on August 20, Bitexco Energy Ltd. – a wholly-owned subsidiary of Bitexco – signed a share purchase agreement with Repsol Exploración SA to acquire all of Repsol’s shares in Talisman (Vietnam 15-2/01) Ltd, a company incorporated in Canada.
Talisman (Vietnam 15-2/01) currently holds 60 per cent of the oil and gas exploitation contract for the Block 15-2/01 offshore platform of Thang Long JSC.
Bitexco Group said that the acquisition is expected to be completed by the end of the year when the necessary approvals from Vietnamese authorities are obtained.
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