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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 Release 21/03/2014 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.
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