Exploration and Production
At the end of 2018, Repsol had the mineral rights to 6 exploration blocks offshore the Gulf of Mexico with a net surface area of 4,842 Km2. 5 of these blocks were awarded to Repsol in 2018, and is the operator in all five.
New exploration blocks:
Repsol has acquired, along with other consortia, 3 new deep water exploration blocks (Blocks 10, 14 and 29) in a tender in the Gulf of Mexico, where the corresponding Social Impact assessments were submitted to the Secretariat of Energy.
Furthermore, the Mexican National Hydrocarbons Commission (CNH) has announced the results of the shallow-water tender in the Gulf of Mexico; Repsol was awarded the exploration rights to the Areas 5 and 12 located in the Burgos basin. In both cases, the minimum work commitment acquired includes performing seismic acquisition campaigns in 2019-2022.
All blocks will be operated by Repsol.
of mineral rights
Since 1999, we have been part of Dynasol - a business dedicated to the production of rubber solutions - in partnership with the Mexican group KUO. In 2015, Repsol and the KUO Group decided to extend their alliance with Dynasol.
In Mexico, we operate a synthetic rubber facility in Altamira, with an installed capacity (100%) of 110 kt/y.
Today, Dynasol is one of the leading companies for synthetic rubber on the global market, as well as a global manufacturer with industrial facilities in Europe, America, and Asia.
In line with the company’s Strategic Plan, Repsol has increased its international presence in Downstream businesses in Mexico in 2018. The first service stations have been opened in the country, and our company has started manufacturing Lubricants thanks to the purchase of significant interest in the Bardahl company.
We produce lubricants in Mexico through our 40% interest in Bardahl. Bardahl is a renowned Mexican company that manufactures lubricants and automotive fluids with a long track record in the industry, and which has one of the most modern production facilities in Latin America, in Toluca.
We have also continued to sell and distribute lubricants through our commercial office in the country.
In March 2018. the first Repsol service station has been inaugurated in Mexico. This station will be the first sale point in an ambitious long-term plan that hopes to capture an 8 to 10% market share by 2022, with total investments of 400 million euros. The plan for 2018 has been carried out, and the year ended with 168 service stations up and running, out of a total of 226 affiliation contracts entered into.