Repsol is an international integrated oil and gas company headquartered in Spain. It uses videoconferencing extensively to facilitate communication across its global operations. Repsol has invested heavily in videoconferencing technology and infrastructure over the past two decades. It now has over 100 meeting rooms equipped with videoconferencing capabilities. Videoconferencing allows Repsol to reduce costs from unnecessary travel while enabling faster communication and decision making between managers and teams located around the world. While videoconferencing has significant advantages, personal contact is still important for some types of deals, especially those involving cultural differences.