Spain's Repsol Says to Maintain Capex Thanks to Talisman


MADRID, July 30 (Reuters) – Spain's Repsol said on Thursday it would maintain exploration capex at around $4.5 billion this year and next thanks to the addition of Talisman, contrasting with other peers that have cut costs in a backdrop of lower oil prices.

The Spanish oil firm also said capex excluding recently-acquired Talisman would have been down 27 percent and that core profits (EBITDA) were seen coming in at between 5 billion euros and 5.5 billion euros ($5.5-$6 billion) in 2015. ($1 = 0.9117 euros)

(Reporting by Tracy Rucinski; Editing by Julien Toyer)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Big 4 Trained Senior Auditor
Expertise: Accounting
Location: Houston, TX
Manager Strategic Supply Chain Sourcing Job
Expertise: Project Controls|Purchasing|Supply Chain Management
Location: Denver, CO
Strategy & Performance Director Job
Expertise: Budget / Cost Control|Business Analyst|Business Development
Location: Denver, CO
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours