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Repsol worldwide

Venezuela

Repsol in Venezuela. View of an oil derrick at sunset
Located south of the Caribbean sea, Venezuela is highly rich in natural resources. As a founding member of the Organization of Petroleum Exporting Countries, Venezuela is both a producer and an exporter of this energy resource, and is a world leader in exports of natural gas, liquefied gas, butane, and propane.

Our activity in Venezuela

We came to Venezuela in 1993 to develop our Upstream business through different projects spread out across the country. Since then, we have been managing several crude and gas assets there in the development and production phase, which has enabled us to gain vast experience in light and medium crude, and associated and non-associated gas. Some examples of this include our work with offshore gas in the Perla Field, the crude development projects in Petrocarabobo, and the exploration and exploitation of gaseous hydrocarbons in the Quiriquire block.
  • Icon of oil barrel.

    62,059 barrels

    of oil equivalent per day.
  • Gas measure icon. Repsol in Venezuela

    110.1 Bscf

    Gas production
  • Oil rocker icon. Repsol in Venezuela

    8 blocks

    No. of blocks
Repsol in Venezuela. Venezuela production map

*[MM Imagen] Icono ProducciónProduction

 

Main projects

Perla Project in Cardón IV
Quiriquire Gas
Petrocarabobo
Petroquiriquire
Ypergas - (Yucal Placer Norte and Yucal Placer Sur)
Offshore oil rig in Cardon IV

Perla Project in Cardón IV

This area is located in the Gulf of Venezuela and we have a 50% stake in developing it alongside Eni. The Perla Field has been considered one of Repsol’s greatest discoveries since 2015, and it is one of Latin America’s largest offshore gas fields. Production is currently expected to reach 1.2 billion cubic feet of gas per day.

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Picture of facilities at Quiriquire Gas.

Quiriquire Gas

We have a 60% stake in the Monagas State. The area spans 93.15 km2 and has a license for the exploration and exploitation of non-associated gaseous hydrocarbons in the Quiriquire Profundo block.
View of refinery facilities

Petrocarabobo

We have an 11% share in a consortium consisting of other international corporations and the Venezuela Petroleum Corporation (CVP). In this area spanning 382.86 km2, work is being carried out to develop heavy crude reserves from the Carabobo Norte 1 and Carabobo 1 Centro areas as part of the Carabobo 1 Project.
Set of valves at a refinery

Petroquiriquire

We have a 40% stake in the Petroquiriquire joint venture, in the Venezuela Petroleum Corporation (CVP), which operates in the Quiriquire fields in Monagas State, and in Mene Grande and Barúa Motatán in the Zulia and Trujillos states respectively.
Trees in a forest

Ypergas

We have a 15.001% stake in the license for the production of non-associated natural gas alongside other national and international companies to develop the Yucal Placer Norte and Sur blocks in Guárico State.

Other projects

Quiriquire (E.M):

Onshore crude asset located in the Maturin basin. The Company holds a 40% working interest.

Mene Grande:

Onshore crude asset in the Maracaibo basin. The Company holds a 40% working interest.

Barúa Motatán:

Onshore crude asset in the Maracaibo basin. Repsol holds a 40% working interest.

Prioritizing growth

Education, health, and wellbeing are all at the heart of our social commitment in Venezuela. Since the beginning, we have been concerned with caring for both the environment and the people around us through social projects that help to improve and optimize resources.
Repsol in Venezuela. Volunteers working in a classroom filled with children

Lights, Camera, Education!

The Educine Project brings the movies to the classroom. We promote positive values and emotions in the children through movies and shorts directed by our volunteers.
Repsol in Velezuela. Building for fishermen

Casa de Labores Pesqueras (Fishing Equipment Workshop)

We have created a refuge for fishermen from Connpa La Macolla, the towns of Carirubana and Los Taques, and in the parish of Jadacaquiva in Punta Macolla, for the fish migration period. 

Solar panels and wind turbine

Bringing electricity to towns

We brought electricity to the town of Punto Macolla and the surrounding area by installing hybrid systems (wind, photovoltaic, and diesel) to generate electricity, supplying eight homes and a school.

Repsol in Venezuela. Repsol workers holding a box of bottle caps.

Culture of recycling

Our commitment to promoting a culture of recycling has led us to organize three editions of the Tapatón activity together with Fundación Tapas Anzoátegui. The initiative consists of collecting 10 tons of plastic to help the children at the Luis Razetti Hospital while spreading awareness and doing our bit for the environment.
  • Venezuela in pictures

    • Machinery at a Repsol facility
    • Pipes at a facility
  • A worker on an offshore platform
    • Repsol machinery valves
    • Pipes at a facility
  • Contact

    Centro Empresarial Norma

    Av. Ppal. de Lechería c/c Onoto Bis.

    Lechería 6016. Estado Anzoátegui

    Tel: +58 281 500.4700