2009-08-18-2008-02-01

To acquire 14.9% interest in company with option for additional 10.1% interest. Repsol has operations in 30+ countries with production of 1.1 MMBOE/d.

Argentine-based business group Petersen Group plans to acquire a 14.9% interest in Spanish oil and gas conglomerate Repsol YPF (NYSE: REP) for approximately US$2.2 billion. Petersen has an option to purchase an additional 10.1% interest within four years, bringing its total interest in Repsol to 25%. Repsol has E&P operations in more than 30 countries with total production of more than 1.1 million barrels of oil per day. It is the largest energy operator in Latin America.