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.
As disclosed by Bitexco Group, on August 20th, 2021, Bitexco Energy Ltd (a wholly-owned subsidiary of Bitexco) signed a share purchase agreement with Repsol Exploración SA to acquire 100% of Repsol’s shares in Talisman (Vietnam 15-2/01) Ltd, a company incorporated in Canada.
Talisman (Vietnam 15-2/01) Ltd is the Company currently holding 60% of the participation in the Oil and Gas Exploration and Production Contract of Block 15-2/01, offshore Vietnam’s continental shelf and holding 60% of the operating right in Thang Long Joint Operating Company – JOC.
Bitexco Group said that the acquisition is expected to be completed by the end of the year when the necessary approvals from Vietnamese competent authorities are obtained.
