Russia

In 2018 we were present in Russia with our Exploration and Production business

Exploration and Production/Development

By the end of 2018, Repsol had the mineral rights to 7 exploration blocks, with a net surface area of 2,206 Km2, and 18 production/development blocks with a net surface area of 169 Km2.

Net production in 2018 was 3.5 Mbbl of liquids (9,568 bbl/d). Net reserves stood at 27.8 Mbbl at the end of 2017.

We have a joint venture (AR Oil and Gaz BV “AROG”) with the Alliance company (that merged with the NNK company in 2014), which enables us to combine the know-how and access to opportunities in exploration and production that his company has in the country, with the technical and financial know-how of Repsol. Hence, we have created a long-term exploration and production partnership. The agreement also includes jointly seeking out new growth opportunities by acquiring oil and gas assets in Russia.

Moreover, Repsol and the Russian company Gazprom Neft, jointly managed Eurotek Yugra, the holder of seven licenses in the West Siberian region.

Milestones 2018

  • Positive survey in the West Siberian basin: the results of the appraisal well 10-R in the Karabashskiy block 2 in the West Siberian basin have been positive.
Data as of December 31, 2018.
Net surface area
of mineral rights
2,375km2
 
Net
Production
9,568
barrels of oil
equivalent per day
Net proved
reserves
27.8
million barrels
of oil
equivalent
Russia