Both organisations will conduct research into cutting-edge technology projects to identify new reserves and increase the production of hydrocarbons
Repsol and IFPEN will develop cutting-edge exploration and production technology
Press Release21/03/2014 07:37
Repsol and the French Institute of Petroleum IFP Energies Nouvelles have signed an upstream research and development framework collaboration agreement.
One of the main objectives is to develop technology to provide a better understanding of the subsurface by using data from fields operated by Repsol.
Carbonate reservoir characterisation will be one of the first projects to be researched. This type of deposit accounts for 60% of global oil reserves and 40% of gas reserves.
A team of over 30 researchers and scientists will be involved in this initiative, which will enable the development of innovative solutions to optimise the production of hydrocarbon reserves.