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Repsol worldwide

Norway

Aerial view of an offshore platform in Norway
Norway is home to the largest hydrocarbon reserves in Western Europe. The Scandinavian nation is the world’s third-largest exporter of oil and the energy sector makes up 25% of its total GDP. Norway also has other energy resources such as hydroelectric and natural gas. All of this makes it a country that offers plenty of room to grow and develop our projects in the exploration and production areas. To the north it is bordered by the Barents Sea, to the northeast by Russia and Finland, to the east by Sweden, to the south by the Skagerrak strait, and to the west by the Atlantic Ocean.

Our activities in Norway

We first arrived in Norway in 2003 to carry out our exploration and production activity through our subsidiary Repsol Norge AS, headquartered in Stavanger. The acquisition of Talisman Energy in 2015 has allowed us to further expand our presence in Norway.
 
  • Barrel icon

    6 million oil barrels

  • Icon fuel gauge

    5 million barrels of oil equivalent in gas production

  • Pump jack icon

    3,159 km2 of total surface area

Norway exploration map

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

Our Upstream activities

In 2019, we obtained three new awards, an extension, and purchases and carried out an exploratory discovery, strengthening our position in this country.

Yme

We have a 55% stake in the consortium formed by Lotos Exploration and Production Norge AS (20%), Okeas AS (15%), and Kufpec Norway AS (10%). We presented a new development plan in 2017 to reactivate production in the Yme oil well, which had been abandoned since 2001. An estimated 65 million barrels of oil are estimated to be recovered within the next ten years.

Gudrun

The Gudrum field is located 50 kilometers north of Sleipner, at a depth of approximately 110 meters. Gudrun is run by a steel-covered facility and top-level processing linked with Sleipner A by two pipes: one for oil and one for gas, both of which are processed at and exported from the Sleipner A facility. The main operator is Statoil Petroleum AS (36%) with a stake held by Repsol Norge AS (15%), GDF Suez E&P Norge AS (25%), and OMV (Norge) AS (24%). Production exceeded expectations 2017, reaching values near 66% of the country net production.

Visund

On February 1st, 2018 we expanded our Upstream business through an agreement reached with Total to acquire the French company’s 7.7% stake in this field. Located in Norwegian waters of the North Sea, this well produces 120,000 barrels of oil equivalent per day. With this operation we have increased our operations in Norway by 40%, reaching a total of approximately 30,000 barrels of oil equivalent per day. Repsol operates this well in conjunction with Statoil, the main operator and holder of a 5.2% stake; Petoro with 30%; and ConocoPhillps with 9.1%.

In addition, the drilling of well 15/03- 11 (Sigrun) was completed in the North Sea, under license PL 025 (Gudrun). Exploration is being conducted by the consortium made up of Equinor (36% WI and operator), Neptune Energy (25%), OMV (24%), and Repsol (15%). The profitability of the discovery currently under analysis, with a possible development connected to the Gudrun field. Sigrun is located 10 kilometers to the southeast of this field and 225 kilometers west of the port of Stavanger.

Repsol has also obtained three new exploratory blocks in the offshore basins of Egersund and South Viking Graben. The company is operator of two of these blocks, PL-909 and PL-910, with a 70% and 61.11% working interest, respectively. In the third block, PL-913, Repsol holds a 50% in consortium with the operator, OMV. In January 2019 the Norwegian Ministry of Petroleum and Energy announced the adjudication of three new exploratory licenses to Repsol Norge, as well as the extension of an existing license. In February 2019, Repsol announced its agreement with Total for the acquisition of a 7.65% stake in the Mikkel field in Norway, which currently produces a total of 50,000 barrels of oil equivalent per day.

  • Committed to growth

Repsol in Norway. Cyclists battling it our during a stage of the Tour des Fjords.

Our social commitment

In 2017 we made donations to national-level organizations and institutions in Norway such as Kirkens Bymisjon i Rogaland, Varmestuens venner, Norwegian Air Ambulance, Norwegian Cancer Society / Kreftomsorg Rogalad, and the magazine Asfalt.
Repsol in Norway. View of an oil rig at sea.

Expeditions at sea

In 2017, Repsol and Stavanger Offshore Technical College (SOTS) offered students and professors the chance for an experience in the North Sea to further their professional development.
Repsol in Norway. A moment from the Awards Ceremony Program.

Involved in the local community

We work with local initiatives and institutions in Norway to help local communities. The University of Stavanger, the Norwegian Petroleum Museum, and the playhouse Rogaland Teater are just some of the institutions that collaborate with our Company.

Norway in photos

    • People in orange jumpsuits entering a helicopter in a snowy landscape.
    • View from a snow-covered ship sailing into a fijord.
  • View of a sunset from an oil rig.
    • Repsol in Norway. Operators working on maritime facilities.
    • Repsol in Norway. Operator working on the Transocean Barents platform.
  • Contact

    Repsol Norge AS

    Verven 4

    4014 Stavanger

    Norway

    Telephone: +47 52 00 20 00

    E-mail: RNAS@repsol.com



    Updated on December 31st, 2019.