The record exploration campaign continues with 13 discoveries reported in 2009
Repsol posts net income of 889 million euros in the first half of 2009
Press Release30/07/2009 15:30
In line with the rest of the industry, net income fell 58% due to the sharp decline in international oil (53%) and gas prices (56%) and refining margins (63%.)
During the first half of the year, Repsol made a record number of oil and gas discoveries (13) in Libya, Brazil, Algeria and the Gulf of México, all of which are key strategic growth areas.
The finds in Buckskin (US) and Iguazu (Brazil) are amongst the ten biggest discoveries made worldwide in 2009.
Production started at the Shenzi field in the deepwater Gulf of Mexico (United States).
Solid financial position and 6.1 billion euros in available credit lines.