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.
We arrived in Norway in 2003, to develop our exploration and production activity in the country through our subsidiary Repsol Norge AS, establishing our headquarters in Stavanger. With the acquisition of Talisman Energy in 2015, we managed to expand our presence in the Norwegian territory.
Our activity in figures
barrels of oil
barrels of oil equivalent in gas production
of total surface area
Our Upstream activities
Repsol has a presence on the Norwegian continental shelf through its wholly owned subsidiary Repsol Norge AS . Repsol Norge AS is an Exploration-and Production Company with focus in the North Sea. The organization has been operating on the Norwegian shelf since 2003. Our office is located in Stavanger.
In Norway, Repsol operates the Blane, Gyda, Rev and Yme fields. We also hold interests in a number of non-operated fields with associated production facilities and intrafield pipelines including Gudrun, Brage, Veslefrikk, Visund, Mikkel, Huldra and Tambar East.
For more details related to our assets find more information on the Repsol Norway website here.
We achieve oil for the first time at Yme
Repsol and its partners have achieved first oil from the YME field in the Egersund Basin, approximately 130 km from the Norwegian coastline. Achievement of first oil is a true testament to the lean operations of the Yme New Development project, made possible through the use of new technology and innovation, building a profitable project even when faced with the unprecedent challenges during the COVID-19 pandemic.
Committed to communities
Repsol works with several organizations in Norway in order to make a positive contribution that adds value to and improves the communities we do business in. Some of the projects we have carried include the Tour of Norway event and the joint social responsibility initiative with the Rogaland Theater.
Repsol’s strategy in Norway is to steadily increase our value and resilience, lowering the carbon footprint and always staying safe. Our ambition is to become a zero-emission operator on the Norwegian Continental Shelf by 2030. We developed our first Repsol Norge Sustainability Plan in 2018.
See our 2021 Norway Sustainability Plan |PDF| 2.5 MB