Exploración y Producción/Desarrollo
The company’s presence in the country is channeled through a joint venture with Repsol Sinopec Resources UK Limited, a company where Repsol has 51% interest and Addax Petroleum UK Limited as a partner, a subsidiary of the Sinopec Group which holds the remaining 49% interest.
By the end of 2018, Repsol had the mineral rights to 71 blocks in the UK: 13 exploration blocks, with a net surface area of 63 Km2, and 58 production/development blocks with a net surface area of 480 Km2.
Net production in 2018 was 9.6 Mbbl of liquids and 7.7 Bcf of natural gas, with a total net production equivalent 11.0 Mboe (30,150 boe/d). The estimated net proven reserves for liquids and natural gas at the end of the year were 47.8 Mboe.
of mineral rights
equivalent per day