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Repsol in Russia

Repsol has been operating in Russia since 2010. In 2011, the company initiated the AROG joint venture which is currently the NNK Group, an alliance that combines Repsol’s experience and technical capacity with the NNK Group’s experience and access to the exploration and production opportunities in Russia. At the moment, we have the licenses for 33 blocks, 16 in the exploration phase, and 17 in development.

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We have 16 blocks in exploration and 17 in production. 

  • The 16 exploration blocks cover a net surface area of 9,088 km2
  • The 17 development blocks cover a net surface area of 691 km2
  • Net reserves at the end of 2014 equaled 40 Mboe.

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

  • In June 2014 we made two new hydrocarbon discoveries in Karabashky blocks 1 and 2 in Western Siberia, Russia. The findings in the Gabi-1 and Gabi-3 wells are a direct result of the innovative seismic and drilling techniques that Repsol has applied in the area, that will allow us to put these resources to use. The recoverable resources discovered in these blocks were certified by the corresponding body of the Ministry of Natural Resources and Environment to be 240 million barrels of oil equivalent, which would mean a considerable increase of the total resources that Repsol currently has in Russia. The Ministry of Natural Resources and Environment of the Russian Federation stated that it was the largest discovery of hydrocarbons in the country in the last two years. The work on Karabashsky blocks 1 and 2 began in 2010 and we hold 100% of the shares in both. In mid 2013 an exploratory discovery was made during the Gabi-3· exploration in the Karabashky-2 block; and at the beginning of 2014 the Gabi-1 exploration was finished at the Karabashky-1 block, with some very good results that were confirmed in the production tests carried out in 2014.
  • In the third quarter of 2014 we finished three exploration and evaluation/appraisal surveys in Russia, with positive results in the Karabashsky blocks. They were the 31-P and 32-P evaluation surveys and the K-3 exploratory survey.
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Last updated: 23 March 2016

Contact

C/ Méndez Álvaro, 44
28045, Madrid (Spain)
Tel: (34) 91 75 38 100 / (34) 91 75 38 000
Fax: (34) 902 303 145

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