Repsol

Exploration and Production

The exploration and production area (E&P), also known as Upstream in the hydrocarbon sector, involves the exploration and production of oil and natural gas.

New high potential assets in Alaska, Angola, Ireland, Irak, Tunisia and Portugal
Alliances in Russia, the world's largest oil and gas producer
Increase in production and reserves with a 162% replacement rate
Start-up of development of the Perla megafield in Venezuela

E&P strategy

The objective of Upstream is profitable and diversified business growth which is also sustainable and committed to safety and the environment.

Brazil, a vector for growth

A strategic area where the company possesses a significant business portfolio offering high potential for development.

A historic exploration success

A positive evolution of reserves and a priviledged financial position has allowed us to continue making the planned investments included in the Horizon 2014 strategy.

Reserves and investments

A positive evolution of reserves and a privileged financial position has allowed us to continue making the planned investments included in the Horizon 2014 strategy.