Repsol SA is a Spain-based company active in the oil and gas industry. The Company is engaged in exploration, development and production of crude oil and natural gas. It operates in three business segments: Exploration and Production, that involves the exploration and production of oil and natural gas; Refining and marketing, that includes the production of raw materials and products in refineries as well as their sale and distribution; and New Energy, which carries out business initiatives in fields such as bioenergy and renewable energies applied to transport. The Company is present in more than 30 countries in both Americas, Europe, Asia, Africa and Oceania. In March 2014, Engagas SA acquired 22.38% stake in Transportadora de Gas del Peru from the Company and Hunt. In May 2014, the Company sold its assets in Argentina with sale to JP Morgan Securities of remainder of BODEN 2015 securities that company still held.