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Upstream

We have a balanced asset portfolio, which we manage efficiently thanks to technology and our talented team of professionals.

This is where it all begins

All our business operations start in Upstream. This term encompasses everything that we do, from exploration to development and oil and gas production worldwide.

Exploration
Development
Production
An operator at the bow of an oil tanker at high sea

Exploration

The search for oil and gas reservoirs is of the utmost importance, and we dedicate a large part of our time and technology to geology, geophysics, and environmental impact studies that help us to determine an area's potential.
Inside the Repsol Libya facilities

Development

We implement a collection system and run processing plants, and we ensure that extraction processes are sustainable, safe, and transparent even before beginning operations, in line with the most stringent standards.
Oil jack pump operating in a field

Production

When the facilities are ready to begin extraction operations, our teams get to work in order to use the reservoir's resources to their full potential. In addition to extracting oil and gas, we constantly perform maintenance tasks and transport hydrocarbons under the strictest conditions.

A balance in natural gas and oil reserves, with a vision of gas as a fundamental source for the energy transition

We generate value by focusing on improving our asset portfolio and maintaining a balance in our reserves between gas and oil, two energy sources that will continue to be important for society in the coming decades.
  • Oil barrel icon

    648,000 barrels of oil equivalent per day

  • Oil well icon

    1.852 Mboe of proven reserves

  • Gas tank icon

    70% of our proven reserves are gas

  • Efficiency and digitalization in all our operations

Two Repsol employees review an exploration task.

RISE, the roap map of our operations

With a name that stands for Resilience, Innovation, Sustainability, and Engagement, this program aims to increase production and the profitability of our assets. 


The goal is to optimize resources and improve logistics management, maintenance, and sizing costs through efficiency and digitalization.