Repsol agreed to acquire all Talisman Energy shares for USD 8.3 billion and will also assume USD 4.7 billion in debt. The incorporation of Talisman will increase Repsol’s output by 76% to 680,000 BOEPD, and will boost reserves by 55% to 2,353 billion BOE. The company will be present in more than 50 countries and employs more than 27,000 people. The transaction is expected to close in the middle of the year.