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Repsol Worldwide

Russia

Panoramic shot of a snowy scene in Russia
Our operations in Russia have focused on our Upstream business since 2010.
Russia exploration map Russia

*[MM Imagen] Icono Exploración   Exploration*[MM Imagen] Icono ProducciónProduction

 

Upstream

We hold the mineral rights to seven exploration blocks with a net surface area of 2,206 km2, in addition to 18 production/development blocks with a net surface area of 169 km2.
  • Icono de barril

    3 million oil barrels

  • Icono de un medidor

    26 million barrels of oil equivalent in net reserves

  • Icono mapa extensión

    3,085 km2 of total surface area

 

In June, we signed a memorandum of understanding with Gazprom Neft and Shell for the creation of a joint agreement for the exploration of two bordering licensed blocks, Leskinsky and Pukhutsyayakhsky, located on the Guida peninsula on the coast of Siberia. Gazprom Neft holds a 50% operating interest, while Repsol and Shell hold 25% each.

In December, we signed an agreement with Gazprom Neft to carry out geological exploration activitiy on six blocks in the southwest of Siberia. This synergy, in which we acquired 50.1% of capital shares from the company Karabashsky-6 LLC, allows us to continue expanding our exploration efforts in Russia, and in the future, production.

Lubricants

We have been producing and marketing in this country since 2015 through our partner Delfin Distribution.
Information as of December 31st, 2019.