REPSOL

Repsol is a winner of The 2018 Global Sustainable Development Award in appreciation of its contribution towards Social Economic transformation of the world through provision of responsible oil and gas exploration, provision high class natural gas, employment of over 25,000 people in different parts of the world, respecting the rights of workers, promoting and upholding United Nations Global Development Agenda,etc

Repsol S.A is an integrated global energy company based in Madrid, Spain. It carries out upstream and downstream activities throughout the entire world. It has more than 24,000 employees worldwide. It is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading

In 1927 CAMPSA (Compañía Arrendataria del Monopolio de Petróleos S.A.), headed by Miguel Primo de Rivera y Orbaneja, was created with the objective of administering concessions in handing over the state monopoly of petroleum companies. Originally the company was arranged so that the state would have a minority stake. The Creation of CAMPSA intensified the progress of the Spanish refinery industry.

In 1941 the Spanish government under Francisco Franco created the INI (National Industry Institute), in order to finance and promote Spanish industries. The INI supported CAMPSA in its exploration of Tudanca, Cantabria, a monumental moment in Spanish exploration on the Iberian Peninsula. The year 1947 marked the end of a 20-year contract between the Spanish state and CAMPSA, decentralizing services while at the same time giving specific rights to the state to intervene in the company’s affairs, minus distribution and commercialization, which remained exclusive to CAMPSA.

In 1948, REPESA (Refinería de Petróleos de Escombreras S.A.) was incorporated for the installation of a refinery in the Valley of Escombreras (Cartagena).

'REPESA became the symbol of the increasing industrial consolidation in the refining sector, as it took on the production and marketing of petrol, oils and lubricants under its own brand name.'From the beginning, REPSOL was REPESA’s "star brand" of petroleum[2] as a REPESA product brand

In December 2014 Repsol announced that it would buy Canadian oil company Talisman Energy in a transaction worth about $15.1 billion Cdn ($13 billion US)

Exploration and production of oil and natural gas are in charge of Repsol Exploration SA and its many subsidiaries. It is present in several countries as Spain, Norway, Algeria, Libya, Morocco, Mauritania, Sierra Leone, Liberia, Angola, United States of America, Colombia, Ecuador, Venezuela, Brazil, Peru, Bolivia, Russia and so many others. Repsol’s had an intense exploration campaign throughout these years, with a 38% success rate.

The oil and gas exploration and production activity is Repsol's main growth driver. Repsol has become a world leader in exploration, with over 40 finds since 2008. To guarantee this activity in the long term, in 2013 Repsol incorporated 65 exploration blocks, mainly in the United States (44 blocks) and Norway (6 blocks), into its mining holdings. The 2013 net production reached 346,000 barrels of oil equivalent per day, up pm of 4% compared to 2012.

Repsol Downstream activity involves the supply and trading of crude and products, oil refining, petroleum product marketing (Marketing), distribution and marketing of Liquefied Petroleum Gas (LPG), production and marketing of chemicals and the development of new energies.

The Repsol Group owns and operates five refineries in Spain (Cartagena, A Coruña, Bilbao, Puertollano and Tarragona), with a combined distillation capacity of 896,000 bo/d. Installed capacity at La Pampilla refinery (Peru), in which Repsol holds a 51.03% stake and is the operator, is 102,000 bo/d.

Marketing their products is in charge of Repsol, CAMPSA and Petronor brand this through an extensive network of over 6,900 outlets, of which over 6,500 are service stations, distributed in Europe and Latin America. Repsol is one of the leading retail distributions of LPG, bottled and bulk, worldwide and is the first in Spain and Latin America. LPG sales totaled 2,464 Mt in 2013.

The Chemicals division produces and markets a wide variety of products in over 90 countries and it is one of the leaders of the market on the Iberian Peninsula. Its activities range from basic petrochemicals to derivatives.

Production is concentrated at three petrochemical complexes located in Spain (Puertollano and Tarragona) and Portugal (Sines), where there is a high level of integration between basic and derivatives, as well as with refining activities in the case of the Spanish facilities. Repsol also has a number of subsidiary and affiliate companies, through which the company produces polypropylene compounds, chemical specialties and synthetic rubber at special plants.

Repsol has 20% stake in Gas Natural Fenosa, which carry on the activities of gas and electricity distribution. In Spain, this business includes the compensated gas distribution activity, TPA (third-party network access services) and secondary transport, as well as non-compensated distribution activities. Sales from the regulated gas business in Spain amounted to 191,189 GWh in 2013, down 2.3% on the prior year. The distribution business now boasts 455,000 supply points, representing an increase of 1.3% over the previous year. Electricity supply points in Spain kept steady with 2012 levels, at 3,772,000. Electricity effectively supplied decreased 3% from 2012 to 2013, to 32,766 GWh, mainly because of more clement weather conditions

 

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