We have 16 blocks in exploration and 17 in production.
Joint venture: AROG
In Russia, we operate through a joint venture with Alliance Oil called AR Oil and Gas BV (AROG). Alliance merged with NNK in 2014. The long term exploration and production alliance combines Alliance's local market knowledge and access to exploration and production opportunities with Repsol's technical and financial capabilities. The agreement also includes the joint search for new growth opportunities through the acquisition of oil and gas assets in Russia. AROG, which is 51% owned by Alliance Oil / NNK and 49% owned by Repsol, was formed in late January 2013 after the inclusion of the assets Repsol acquired from Eurotek. Those include two important gas fields: Syskonsyninskoye (SK), which began production at the end of February 2013, and Yuzhno-Khadyryakhinskoye (YK), which is in the final evaluation phase.
In 2014 Alliance Oil merged with NNK, and in November of the same year, Repsol signe dan agreement with NNK to work together in managing ALREP joint venture assets, which is a subsidiary of AROG, in order to streamline the decision-making process regarding operations, to reduce costs, and to optimize synergies in the partnership formed by both companies.
Latest important milestones
Local manufacture and distribution of lubricants.
Last updated: 23 March 2016