Repsol reportedly negotiating with TotalEnergies to create largest upstream platform in UK to generate €862m+ synergies
Banco Sabadell | According to press reports, Repsol is in talks with TotalEnergies to create the largest upstream platform in the North Sea, integrating assets in UK waters. The operation would be structured through Neo Next, the joint venture between Repsol (45%) and Neo Energy (55%), in which TotalEnergies would take a minority stake. The aim is to increase production capacity and generate synergies of more than $1 billion (€862…






