Canada cut its staff in half to 380. Exit of British Petroleum, creation of Talisman Energy, 1992–1993 In 1991, British Petroleum was suffering from mounting debt and losses. In 1992 it announced its intention to sell its 57 percent stake in BP Canada for $374 million. The sale was completed in June of that year and, subsequently, necessitated a name change for the former subsidiary. A competition was held to choose name. The winning entry was that of Janet Pritchard, a petroleum engineering clerk, who came up with "Talisman Energy." On 1 January 1993, the new name came into being and BP Canada ceased to exist. Claydon and Buckee stayed on as chairman and president, however, Claydon stepped down in early 1993. Over the next two decades, Talisman was a highly successful company. At the end of 2015 it was purchased by Repsol and renamed Repsol Oil and Gas Canada. Return of British Petroleum, 1998–present After six years of absence, British Petroleum returned to Canada when on 31 December 1998 it completed its $53 billion merger with Amoco. The merger gave BP control of the Amoco Canada Petroleum Company, which had been in existence since 1969. In August 2000, Amoco Canada was renamed BP Canada Energy Company. , following the divestment of its natural gas and natural gas liquids businesses, current BP operations in Canada focus on oil sands, including joint ventures with companies including Husky Energy and Devon Energy. It has activities in Alberta, the Northwest Territories, and offshore in Nova Scotia and the Canadian Beaufort Sea, and as of 2012 employed more than 450 employees. In 1998–2000, the operations of Amoco, ARCO and Burmah Castrol were amalgamated. Into the 2000s, BP Canada operated primarily as a producer of natural gas and employed more than 2000 employees. The company partnered with Imperial Oil beginning in 2010, to carry out exploration of two of its offshore oil and gas blocks in the Beaufort Sea. During 2010 and 2011, BP Canada sold its natural gas operations as part of divestments following the Deepwater Horizon oil spill. It sold its natural gas business in Alberta and British Columbia to Apache Corporation in July 2010 and its Canadian natural gas liquids business to a subsidiary of Plains All American Pipeline in December 2011. The company operates primarily in Alberta, the Northwest Territories, and Nova Scotia. , BP Canada has approximately 450 employees. It