The company 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.
Our assets include producing oil fields, major new developments and a number of assets that have ceased production or are approaching decommissioning.
Based in Aberdeen, Scotland, we have interests in 48 fields, of which we operate 38, on the UK Continental Shelf with 11 offshore installations (ten fixed and one floating) and two onshore terminals – at Flotta in Orkney and at Nigg in the Cromarty Firth. Supported by our shareholders we have a long-term commitment to the UKCS.
The safety of our people, integrity of our assets and protection of the environment are our top priorities.