Company Report
Repsol oil and gas exploration summary
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Report summary
Repsol’s commitment to achieve net-zero emissions by 2050 sets it on a transformational strategic pathway. Exploration will remain a core part of the business as it looks to add advantaged barrels that reduce the carbon intensity of its upstream assets. The company’s future exploration will be leaner and focused as it high grades the portfolio as part of its greening strategy. It has dropped higher-risk frontier drilling, choosing to target lower-risk prospects to satisfy its key metrics for future exploration: low-cost, low-carbon with short cycle times. The Gulf of Mexico will be a top target as the company has exposure to a mix of high-impact and near-field prospect.
Table of contents
- Exploration strategy
- Results summary
- Current portfolio and exploration outlook
- Production and potential cost of production
-
Value creation
- Onshore exploration drives value creation
- Improved returns from targeted deepwater exploration
Tables and charts
This report includes 17 images and tables including:
- Repsol's current acreage - top 15 countries (in '000 km2)
- Net exploration and appraisal wells by country
- Exploration & appraisal spend and reinvestment
- Exploration success rates
- Largest 10 conventional discoveries (net, 2013 to 2022)
- Volumes discovered by year
- Volumes discovered by water depth
- Volumes discovered by country
- Volumes discovered by basin
- Production from new field discoveries, and as a proportion of all future production
- Finding and development costs for added resources
- Full-cycle economics
- Top 10 conventional discoveries by development value (2013-2022)
- Conventional value and spend by country
- Exploration returns by water depth
- Value creation
- Exploration returns by year
What's included
This report contains:
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