Significant changes regarding the supply chain
The diversity of Repsol's asset portfolio has bolstered its management and enabled it to meet its divestment target for 2016, particularly since the acquisition of Talisman. The changes at Repsol were as follows:
Sale of three oilfields (Teak, Samaan and Poui) in Trinidad & Tobago.
Sale of the LPG business in Peru and Ecuador to South American international operator Abastible. Transfer of these assets completed our LPG divestment in Latin America.
We also sold our offshore Wind Power business in the UK (Repsol Nuevas Energías UK) to the Chinese company SDIC Power. The sale includes the Group’s stake in the Inch Cape Project (100%) and the Beatrice project (25%), both of which are located on the east coast of Scotland.
These divestments brought about changes to supply chains in the countries concerned. Nevertheless, we continue to work in Latin America as a leading energy operator with extensive hydrocarbon exploration and production activity.