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EXPLORATION DAY 2014 – Repsol S.A.

Repsol S.A. · Jan 29, 2014 · 114 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. EXPLORATION DAY 2014 – Repsol S.A. – slide 1
    EXPLORATION DAY 2014 London, January 29th 2014 Repsol. Investor Relations.
  2. EXPLORATION DAY 2014 – Repsol S.A. – slide 2
    1. Exploration Outlook 2. Europe & Middle East 3. Latin America Region 4. Africa 5. North America & Brazil 6. Asia & Pacific 2
  3. EXPLORATION DAY 2014 – Repsol S.A. – slide 3
    Current geographical deployment in Exploration to lever growth Norway USA Russia (Alaska) Canada Ireland Rumania Bulgaria Espaa Kazakhstan USA. Portugal Tunisia Iraq Morocco Algeria Iran Libya Cuba Mauritania Oman…
  4. EXPLORATION DAY 2014 – Repsol S.A. – slide 4
    Summary of Exploration Activity in 2013 Finalised wells 22 (+1 Appraisal) Positive 9 Negative 14 Continued drilling 4 (2explo+2app) Exploration success 39 % Unrisked Prospective R. W.I E 1,500 Mboe Prospective Resources W.I. E…
  5. EXPLORATION DAY 2014 – Repsol S.A. – slide 5
    2013 Exploration activity Qugruk 1, 3 y 6 Norway Brattholmen USA Bonna Russia (Alaska) Canada Darwin Gabi 1 y 3 Margaree Ireland Dunquin 1 Rumania Bulgaria Espaa USA. Portugal Tunisia Iraq TENE1 Khaima WDA-1 Morocco…
  6. EXPLORATION DAY 2014 – Repsol S.A. – slide 6
    2013 Continue notable improvement in reserve replacement, without exhausting contingent resources bank Mboe 2400 2000 2120 Contingent Resources 3C (Mboe) 1600 Contingent Resources 1581 1404 1509 3C (Mboe) 1200 Contingent…
  7. EXPLORATION DAY 2014 – Repsol S.A. – slide 7
    Countries with drilling activity during 2014 Norway Alaska Russia Offshore Canada Rumania Spain Iraq Louisiana Algeria Libya GoM Mauritania Offshore Liberia Colombia Angola Brazil Namibia Operated Operated & non…
  8. EXPLORATION DAY 2014 – Repsol S.A. – slide 8
    Repsol Exploration Net Acreage Evolution DGU Net acreage evolution 250.000 545 634 630 200.000 215.750 210.221 212.554 150.000 349 362 Km2 128.573 132.407 100.000 50.000 0 2009 2010 2011 2012 2013 of…
  9. EXPLORATION DAY 2014 – Repsol S.A. – slide 9
    Roberta Elvira Max Didier Joseba 11
  10. EXPLORATION DAY 2014 – Repsol S.A. – slide 10
    Repsol Key Projects Post 2016 2012-2016 Next wave of growth Brazil USA Africa & Europe Russia Exploration Sapinhoa Carioca Mid-continent Reggane (Algeria) Lubina-Montanazo (Spain) AROG Contingent resources 1 (Guara) 2 3…
  11. EXPLORATION DAY 2014 – Repsol S.A. – slide 11
    Europe 2013: Dunquin 1 Residual Oil 2013: NCS 3 Dry Holes Column 50 m Europe: Growth in high potential plays while looking for contracts value in: 1) Norway 2) Romania 3) Offshore Bulgaria 4) Spain 5) Portugal 14
  12. EXPLORATION DAY 2014 – Repsol S.A. – slide 12
    Europe Exploration Growth Themes and Update 2013 Drilled Portfolio based on high risk / impact prospects with poor results in Norway and Ireland: Dunquin, Darwin, Bonna. Migration and charge issues. 2013 Taken positions in high…
  13. EXPLORATION DAY 2014 – Repsol S.A. – slide 13
    A New Region: East Europe - Romania Signed four blocks located in the prolific and producing South and East Carpathian thrust belt in a 51% OMV Petrom (Operator) 49% Repsol. Commitment 3 wells 2014. Exploring proven deep targets…
  14. EXPLORATION DAY 2014 – Repsol S.A. – slide 14
    Romania Petrom Repsol JV OMV Petrom Totea Discovery 2012 (60MMBOE) VI Targoviste V Baicoi XII Pitesti XIII Targu Jiu Deep Targets Producing Fields SOUTH CARPATHIAN BASIN METRICS Number Of Fields 353 Oil Recoverable MBO…
  15. EXPLORATION DAY 2014 – Repsol S.A. – slide 15
    Romania Petrom Repsol JV Shallow Production Deep Targets Pliocene U Miocene Oligocene Romania Theme: Exploring deep horizons in mature onshore producing areas with attractive contracts terms using new 3D seismic…
  16. EXPLORATION DAY 2014 – Repsol S.A. – slide 16
    Bulgaria: Han Asparuh Block NON OPERATED REPSOL 30% 2013 Completed Program 3D 7740 Km2 DOMINO DISCOVERY 2D 3450 Km 3 - 5 TCFG Exxon OMV 2012 ROMANIA BULGARIA HAN ASPARUH BLOCK 19
  17. EXPLORATION DAY 2014 – Repsol S.A. – slide 17
    Repsol Darwin-1 Norge Active Bonna-1 Licenses Repsol Blocks Status 2014: 17 Licences (6 Operated) Barents Sea: 5 (2) Key Drivers Norwegian Sea: 10 (3) Licenses concentrated in North Sea: 2(1) Norwegian and Barents Seas…
  18. EXPLORATION DAY 2014 – Repsol S.A. – slide 18
    Repsol Norge 2013 Results and 2014 Outlook 2013 Drilling: 3 wells drilled, 2 operated, all Darwin-1 negative. a) On proven plays: Brattholmen-1 Bonna-1 Heilo-1 Main cause of failure was lack of migration. b) On new Plays:…
  19. EXPLORATION DAY 2014 – Repsol S.A. – slide 19
    Repsol Norge 2014 Wells IMSA 1: PL589 License (Non Operated) Structural Trap: Tilted fault block with middle Jurassic stacked reservoir sands Oil and gas objective. On trend with discoveries (Ragnfrid) Water Depth: 261m IMSA 1 Target…
  20. EXPLORATION DAY 2014 – Repsol S.A. – slide 20
    NCS Bid Round 22 Success NORWEGIAN SEA Applications Gjallar Ridge 2 Blocks Stappen Skruggard East Discovery Luva Discovery PL 711 Active Player: In June 2013 MPE awarded Repsol 4 BARENTS SEA blocks: Two in the Norwegian…
  21. EXPLORATION DAY 2014 – Repsol S.A. – slide 21
    Repsol Iberian Exploration Activities Position in Portugal and Spain UNPROVEN PLAY UNPROVEN PROVEN PLAY PLAY 24
  22. EXPLORATION DAY 2014 – Repsol S.A. – slide 22
    Canary Islands: A new play opener Direccin Regional Exploracin Europa y Norte de frica, Septiembre 2012 25
  23. EXPLORATION DAY 2014 – Repsol S.A. – slide 23
    Canary Islands Blocks Type Prospect MIOCENE Rowan TURBIDITE Renaissance CHANNELS Drillship BBOE Multi prospect Tertiary Play Salt cored 4 way dip closures Target Reservoirs: Miocene Turbidites Source: Turonian Shales Spud 2Q…
  24. EXPLORATION DAY 2014 – Repsol S.A. – slide 24
    Portugal Algarve Tertiary Gas Play Repsol Gas Fields (Poseidon Field 150 Bcfg) Block 13 and 14 ALGARVE BLOCKS Biogenic Gas Play Sub Salt Play 27
  25. EXPLORATION DAY 2014 – Repsol S.A. – slide 25
    Algarve Tertiary Biogenic Gas Play Cadelinha Prospect Cadelinha Prospect MIOCENE WD 700 m TURBIDITE CHANNELS Biogenic Gas Play Analogy with Poseidon Field Target Miocene Turbidites Source: Tertiary Shales Spud 4Q 2014.…
  26. EXPLORATION DAY 2014 – Repsol S.A. – slide 26
    Middle East Exploration: Kurdistan Plays and growth rationale: Thrust belt exploration of Kurdistan Zagros Fold Belt in multibillion barrels play. Drilling portfolio high impact prospects in Piramagrun and Qala Dze concessions (Wi:…
  27. EXPLORATION DAY 2014 – Repsol S.A. – slide 27
    Kurdistan Fields and Pipeline Binari Servan 1 spud 27th Jan Zewe 1 well drilling 2300 m 30
  28. EXPLORATION DAY 2014 – Repsol S.A. – slide 28
    Piramagrun Block: Zewe Prospect Zewe 1 Zewe 1 Well Trend and adjacent with BBOE discoveries 2 BBOE in place resources Jurassic and Triassic Objectives Complex large 4 way dip closure 200 sq km closure Near new pipeline to…
  29. EXPLORATION DAY 2014 – Repsol S.A. – slide 29
    Qala Dze Block: Binari Servan Prospect Binari Servan 1 Tertiary Cretaceous Jurassic Triassic Paleozoi c Basement Binari Servan 1 Well Binari Trend and adjacent with BBOE Servan discoveries 3.5 BBOE in place resources…
  30. EXPLORATION DAY 2014 – Repsol S.A. – slide 30
    Latin America Region Repsol Acreage Position Repsols Latin America Regional Exploration Unit covers 19 exploration blocks. In terms of acreage, Repsol is the leading private operator in the region with access to 120K km Repsol…
  31. EXPLORATION DAY 2014 – Repsol S.A. – slide 31
    Exploration: Latin America Region Last Decade Wells and Discoveries(1) 52 wells were drilled in the last decade. 19 Discoveries (37%) 5 Large (100MBOE) Discoveries (10%) 1.4 BBOE net resources addition. Leading private company…
  32. EXPLORATION DAY 2014 – Repsol S.A. – slide 32
    Latin America Region Exploration Ventures (1)Excluding Brazil 36
  33. EXPLORATION DAY 2014 – Repsol S.A. – slide 33
    Western Caribbean Acreage and planned activities COUNTRY NET REPSOL BLOCK ACTIVITY PLANNED NICARAGUA 20% Tyra Bank Post Well Analysis Planned Well 20% Isabel Bank 150 km 2D ARUBA 100% (Op) Aruba 3,600 km 2D Planned 3D 100% (Op)…
  34. EXPLORATION DAY 2014 – Repsol S.A. – slide 34
    Western Caribbean Colombia - Tayrona Block - Orca Well Orca-1 REP30%, PBR(op.)40%, ECP30% Block: Tayrona Offshore, Repsol 2011 Farm-In. Trap: Very Large 4-way closure Orca-1 (460km2 L. Miocene) Objectives: L. Miocene and…
  35. EXPLORATION DAY 2014 – Repsol S.A. – slide 35
    Western Caribbean Colombia - RC11 Block - Siluro Well Block: RC-11, Repsol 2012 Farm-In Main Objective: L. Miocene Carbonate REP(op.)50%, ECP50% Water Depth: 90m TD: 2,090 m SILURO-1 Chance of Geological Success: 26.5% Estimated…
  36. EXPLORATION DAY 2014 – Repsol S.A. – slide 36
    Western Caribbean 2014 3D Seismic Programs More than 6,000 km of new 2D will be completed by February 2014. ARUBA PSC More than 5,000 km2 of new 3D will be GO-1 recorded by December 2014. GO-1 ARUBA PSC A single seismic tender…
  37. EXPLORATION DAY 2014 – Repsol S.A. – slide 37
    Andean Region Acreage and planned activities 43
  38. EXPLORATION DAY 2014 – Repsol S.A. – slide 38
    Andean Region Peru Block 57 Remaining Prospectivity Remaining Exploration Area (100% REP) REP53.84%(Op.), PBR46.16% Awarded to Repsol in 2004. 267 km of 2D seismic acquired in 2007. 3 exploratory wells were drilled to date:…
  39. EXPLORATION DAY 2014 – Repsol S.A. – slide 39
    Andean Region Peru - Block 76 High Impact Portfolio HUN35%(Op.), REP35%, PLU30% 2006: Hunt 50% Farm Out to REP 2009-10: 460 km of 2D Seismic acquired 2012: REP-Hunt joint Farm Out to Pluspetrol Full Environmental Impact Study…
  40. EXPLORATION DAY 2014 – Repsol S.A. – slide 40
    Andean Region Bolivia Caipipendi Block Remaining Prospectivity Margarita field discovered in 1997, early production first gas in 2004, Huacaya discovered in 2007. October 2013: Development Phase II completed, producing 14 MMm3/day.…
  41. EXPLORATION DAY 2014 – Repsol S.A. – slide 41
    Atlantic Basins New Exploration Acreage 2013 2013 TRINIDAD & TOBAGO GUYANA Block 23b Kanuku Block BHP 60% (Op.) - REP 40% REP40%(Op.)-TUL30%-RWE30%(1) (1) Block 23b Block Kanuku (1) FOA executed Dec/2013, pending…
  42. EXPLORATION DAY 2014 – Repsol S.A. – slide 42
    Atlantic Basins Guyana - Kanuku Block Repsol is an established player in the Guyana- Suriname basin, having drilled two frontier wells to date (Jaguar and W Tapir) . 2013 Kanuku 2D Repsol signed the 6,525 km2 Kanuku Block contract…
  43. EXPLORATION DAY 2014 – Repsol S.A. – slide 43
    Atlantic Basins Trinidad & Tobago - Block 23b Block 23b covers a deep water area of 2,585 km2 located to the East of Tobago. The Block contains multiple Tertiary clastic and carbonate plays with oil and gas potential. REP 40% and…
  44. EXPLORATION DAY 2014 – Repsol S.A. – slide 44
    Latin America New Ventures 51
  45. EXPLORATION DAY 2014 – Repsol S.A. – slide 45
    Latin America New Ventures Remaining Prospectivity The largest conventional oil and gas fields in South America have been discovered recently (Tupi/Lula 2007, Perla 2009). The region keeps delivering very significant volumes,…
  46. EXPLORATION DAY 2014 – Repsol S.A. – slide 46
    Latin America New Ventures Continuing to expand into the Caribbean Sea REPSOL IS THE LEADER IN THE CARIBBEAN SEA IN TERMS OF : Acreage (sqkm) Number of Active Countries 2014-2015 New Seismic Acquisition Programs Hydrocarbon…
  47. EXPLORATION DAY 2014 – Repsol S.A. – slide 47
    Latin America New Ventures New SubAndean Exploration in Bolivia Repsol holds a 49% participation in YPFB Andina, the leading producing company in Bolivia, controlled by YPFB. YPFB Andina drilled in 2012 the Sararenda deep…
  48. EXPLORATION DAY 2014 – Repsol S.A. – slide 48
    Repsol in Africa 2013 Main Activities 2014 Main Activities Acquisition Morocco Processing Acquisition & Reprocessing Morocco Algeria Libya Algeria Libya Mauritania Eq. Guinea Mauritania Sierra Leone Sierra Leone Liberia…
  49. EXPLORATION DAY 2014 – Repsol S.A. – slide 49
    Libya Exploration Campaign Update Exploration deadline for CA129/130 (NC115) /CA130/131 (NC186): October 25th 2015. Commitment to drill 16 wells and acquiring 5,600 Km2 of 3D seismic. 1 well drilled and 3,997 Km2 of seismic…
  50. EXPLORATION DAY 2014 – Repsol S.A. – slide 50
    Libya Exploration Campaign Update Drilled in 2011 0 T1 Prospect A1-130/4 Block NC 186 13 TBA Drilled in 2013 Repsol: 32% Total: 24% 1 Nakhla Prospect A1-129/4 11 OMV 24% 2 Waha Prospect A1-129/2 Statoil: 20% 3 Khaima Prospect…
  51. EXPLORATION DAY 2014 – Repsol S.A. – slide 51
    Prospecting Blocks Northern Tunisia Offshore Ras Korane, Ras Rihane and Nadhour Permit Background 2 Years Period + 1Year extension (Oct.18th, 2012-Oct.18 th, 2014) Nadhour Ras Rihane Ras Korane Activities 2013: 2D…
  52. EXPLORATION DAY 2014 – Repsol S.A. – slide 52
    Algeria, SE-Illizi 232 & 241a Blocks Near Field Exploration THIS: Oil (Devonian) Gas/Cond. (Ordovician) Area: 4117 km2 New 3D & New 2D Existing 3D TIHS TDE: Gas/Cond. (Ordovician) TENE TESO TDE WDA 1st…
  53. EXPLORATION DAY 2014 – Repsol S.A. – slide 53
    Algeria, SE-Illizi 232 & 241a Blocks Near Field Exploration and Appraisal 0.2 km Glacial Valley Fill 61
  54. EXPLORATION DAY 2014 – Repsol S.A. – slide 54
    MOROCCO REPSOL Licenses Tanger-Larache Hauts Plateaux Play: Shallow Gas Unconventional S.R.: Carboniferous Gharb Play:Oil Boudenib Unconventional SR: Silurian Hot shale 62
  55. EXPLORATION DAY 2014 – Repsol S.A. – slide 55
    Morocco Why Very attractive contractual and fiscal terms Domestic energy deficiency 5th largest economy and 2nd largest energy importer in Africa Proximity to Spanish market Underexplored Atlantic margin (3000km shoreline) Repsol…
  56. EXPLORATION DAY 2014 – Repsol S.A. – slide 56
    TA-10 Block Location Map & Current License REPSOL: 70 % (Operator) Block Ta10: 28,904km2 (Original) 14,450km2 (Current Acreage) RWE: 30% Taoudenni basin TOTAL REPSOL MAURITANIA MALI Taoudeni is a prospective basin…
  57. EXPLORATION DAY 2014 – Repsol S.A. – slide 57
    Mauritania One of the largest unexplored basin in the world. Analogy with large discoveries in Russia and China. Possible followup in other large unexplored basins in Africa. Repsol was pioneer in Taoudeni Basin: entry in 2005…
  58. EXPLORATION DAY 2014 – Repsol S.A. – slide 58
    Repsol in Sierra Leona and Liberia 3D seismic reprocessed Repsol and Tullow did not enter into second SL-07B-11 exploration phase. (5093 Km2) Anadarko 55% W.I. LB-16, LB17 LB-16, LB17 (Op.) (6375 Km22) (6375 Km ) Repsol: 25%…
  59. EXPLORATION DAY 2014 – Repsol S.A. – slide 59
    Repsol in Sierra Leona and Liberia Repsol pioneered the deep water exploration in SL/LB since 2003. Only twelve exploratory deep water wells drilled in the SL/LB margin up-to-date; the first one in 2009. Exploratory well results…
  60. EXPLORATION DAY 2014 – Repsol S.A. – slide 60
    Angola: Blocks and Commitments B35/11(Op. ENI (30%) Sonangol P.P (45%) - Repsol (25%) Pre-Salt last discoveries (Limited Information) Awarded on 22nd Dec 2012. Pre-Salt first Discoveries End 1st Exploration Period 31st Dec 2016:…
  61. EXPLORATION DAY 2014 – Repsol S.A. – slide 61
    Angola: Blocks Status Pre-Salt last discoveries (Limited Information) B35/11 (Op. ENI (30%) Sonangol P.P (45%) - Repsol (25%) Pre-Salt first Discoveries Seismic Acquisition (TGS): Acquired 4820 km2 Final PSDM delivered Nov. 2013.…
  62. EXPLORATION DAY 2014 – Repsol S.A. – slide 62
    Angola: Pre-Salt Regional Map (merge 2D & 3D seismic) OMBOVO Pre-Salt last discoveries (Limited Information) Block 35 Pre-Salt first Discoveries Prospects Leads LONTRA New 3D Seismic Surveys Outlines MAVINGA CAMEIA 1 &…
  63. EXPLORATION DAY 2014 – Repsol S.A. – slide 63
    Angola: Block 35 - OMBOVO Prospect Ombovo Well 1X Prospect Maturation mainly carried out using the WesterGeco Vintage 3D Seismic Prospect Refinement performed using the Intermediate products of the TGS new 3D Block 35 seismic…
  64. EXPLORATION DAY 2014 – Repsol S.A. – slide 64
    Angola: Block 37 - Crux Prospect Block 38 Block 37 Block 21 Southwest Crux 0 km 10km Cameia Northeast Top Salt Base Salt 72
  65. EXPLORATION DAY 2014 – Repsol S.A. – slide 65
    Angola: Block 22 LOSENGUE LOCOSSO CATCHIMANHA For Comparison, CAMEIA has an area of about around 28-30 km2 Locosso Catchimanha Losengue E E NW Top Eocene Top Albian Top Salt Base Salt Base Sag 73
  66. EXPLORATION DAY 2014 – Repsol S.A. – slide 66
    Repsol in Namibia Fairly underexplored margin Recently Namibia and South Africa have Licence 0010 seen entry of big players. Repsol (Op.) 44% WI Repsol: License 0010 (11,637 km2) Located offshore northern Namibia (Walvis…
  67. EXPLORATION DAY 2014 – Repsol S.A. – slide 67
    Repsol in Namibia License 0010: marks the entry of Repsol in Namibia as part of an effort of increase the Atlantic margin hydrocarbon exploration in high potential areas. Carefully selected based on regional and detailed G&G studies…
  68. EXPLORATION DAY 2014 – Repsol S.A. – slide 68
    Recent Exploratory Activity in Namibia Licence 0010 None of the exploratory wells Tapir South (2012) Repsol (Op.) 44% WI drilled in the Walvis Basin have Namibe Basin (Block 1811) Chariot (Enigma) op. investigated the Welwitschia-1…
  69. EXPLORATION DAY 2014 – Repsol S.A. – slide 69
    Licence 0010 Namibia - Additional Potential Delta Structure area exceeds 1000 Km2 at maximum closure. At least three additional large 4-way closures, in-trend with the Delta structure, present in licence 0010. Carbonate Albian…
  70. EXPLORATION DAY 2014 – Repsol S.A. – slide 70
    2013 Top discoveries Source:IHS Source: IHS Source:IHS 11 of the 2013 top twenty oil & gas discoveries in the world have been made in Africa. Several of these discoveries in sedimentary basins already considered as…
  71. EXPLORATION DAY 2014 – Repsol S.A. – slide 71
    2014 New Ventures Focus strategy Mediterranian basins: looking for new play in proven HC provinces Northern segment: focus on oil sweet spots and low risk/high reward gas play Indian Ocean and Mozambique channel: focus on…
  72. EXPLORATION DAY 2014 – Repsol S.A. – slide 72
    The Region USA (Alaska) Canada USA (Louisiana) USA (GoM) Brazil 81
  73. EXPLORATION DAY 2014 – Repsol S.A. – slide 73
    Repsol Alaska Portfolio North Slope: 247 Blocks, WI 70%, Operator Chukchi Sea: 93 Blocks, WI 100%, Operator Beaufort Sea: 67 Blocks, WI 20%, Non- Operator 82
  74. EXPLORATION DAY 2014 – Repsol S.A. – slide 74
    North Slope Alaska Multi-Target Project SE Upper Schrader Bluff N Middle Schrader Bluff Modern Brookian *observed in ANWR Brookian Tuluvak MCU Seabee Nanushuk Torok Torok Fans J3.5 UJU Nuiqsut Kingak Shale Nechelik…
  75. EXPLORATION DAY 2014 – Repsol S.A. – slide 75
    Risked Production profile 84
  76. EXPLORATION DAY 2014 – Repsol S.A. – slide 76
    Repsol North Slope Acreage, Location Mapwells drilled Source: Repsol & Woodmac 85
  77. EXPLORATION DAY 2014 – Repsol S.A. – slide 77
    Alaska North Slope Resources Evolution considered in the economics exercise +26% +5% +3% 86
  78. EXPLORATION DAY 2014 – Repsol S.A. – slide 78
    Repsol North Slope Acreage, Location Map 2013-2014 drilling campaign Source: Repsol & Woodmac 87
  79. EXPLORATION DAY 2014 – Repsol S.A. – slide 79
    2014 Alaska North Slope Planned Activities Qugruk -5, Qugruk-7 & Tuttu -1 3D seismic acquisition 88
  80. EXPLORATION DAY 2014 – Repsol S.A. – slide 80
    2013/2014 Campaign Source: Repsol & Woodmac Alaska North Slope Exploration Project Schedule Primary Targets Pad Secondary Targets 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 J F M AM J J…
  81. EXPLORATION DAY 2014 – Repsol S.A. – slide 81
    Q-3 90
  82. EXPLORATION DAY 2014 – Repsol S.A. – slide 82
    Beaufort Sea Source: Repsol & Woodmac Beaufort Sea, 67 Blocks, WI 20%, non-Operated 93
  83. EXPLORATION DAY 2014 – Repsol S.A. – slide 83
    Chukchi Sea Source: Repsol & Woodmac Chukchi Sea: 93 Blocks, WI 100%, Operator 94
  84. EXPLORATION DAY 2014 – Repsol S.A. – slide 84
    Repsol Participated blocks in East Canada Orphan Basin Jeanne d' Arc Basin 400 km 95
  85. EXPLORATION DAY 2014 – Repsol S.A. – slide 85
    Source: Repsol & Woodmac EL 1123 Repsol in Canada - 2014 STATOIL (OP) 75% REPSOL 25% MIZZEN 100-200 MMBOE EL 1125, EL 1126 Statoil (OP) 50% CVX 40% REPSOL 10% HARPOON EL 1114, EL1121 HUSKY (OP) 67% BAY DU NORD REPSOL…
  86. EXPLORATION DAY 2014 – Repsol S.A. – slide 86
    Aster C-93 Exploration Well Schedule Spud Date: Estimated 3Q 2014 Rig: Henry Goodrich Semi-sub Rig Drilling slot: 98 days (Drilling, Logging and P&A) WD: 560 meters MD (TVD): 4450 (4450) meters DRILLING OPERATIONS LOGGING…
  87. EXPLORATION DAY 2014 – Repsol S.A. – slide 87
    GOM Location Map Repsols Position 98
  88. EXPLORATION DAY 2014 – Repsol S.A. – slide 88
    Keathley Canyon Wilcox Trend Recent Discoveries and Activity North Platte Oceanographer Cobalt CVX (Currently Drilling) (2012) 99
  89. EXPLORATION DAY 2014 – Repsol S.A. – slide 89
    Leon Prospect Current Activities and Timeline Well being drilled with Ensco DS-5 Well spudded Jan 1st, 2014 Currently setting 22 casing in Salt DRILLING OPERATIONS Evaluation Jan 13 Jun 13 Leon Spud Leon TD Feb 13 Mar…
  90. EXPLORATION DAY 2014 – Repsol S.A. – slide 90
    Brazil: Sagitario Discovery Posted on Feb 26th, 2013 BM-S-50 Petrobras (op. 60%) RepsolSinopec (20%) BG (20%) Brazils state-run oil company Petrobras has confirmed the presence of good quality oil (31 API) in ultra deep waters…
  91. EXPLORATION DAY 2014 – Repsol S.A. – slide 91
    Repsol in Brazil main activity in 2014 102
  92. EXPLORATION DAY 2014 – Repsol S.A. – slide 92
    Deep offshore Campos pre-salt discovery BM-C-33 Seat Gvea Repsol Sinopec , Op. 35% Po de Statoil 35% Acar Petrobras 30% 103
  93. EXPLORATION DAY 2014 – Repsol S.A. – slide 93
    Seat, Gavea and Pao de Acucar discoveries Gvea SEAT PAO PoDE deACUCAR Acar GAVEA Seat 1.2 BBOE 104
  94. EXPLORATION DAY 2014 – Repsol S.A. – slide 94
    Asia-Pacific: Region location map: 107 RED Asia-Pacific, January 2014
  95. EXPLORATION DAY 2014 – Repsol S.A. – slide 95
    Asia Pacific: Some numbers Number of Blocks Area (km2) 2013 Russia 13 8,005 3 exploration well drilled 1000 km 2D+ 2100 km2 3D Indonesia 6 28,408 3 new blocks Australia 1 12,548 2014 Total 48,961 4 wells planned+production…
  96. EXPLORATION DAY 2014 – Repsol S.A. – slide 96
    Location map and 2014 work program Kumolsky+3 Complete remaining seismic acquisition Russia REPSOL LICENSES IN WEST SIBERIA (Total acreage: 8005 km2) Karabashky Group 1. KARABASHSKY-1 (388 km2) Karabashky 7 Blocks: Activity…
  97. EXPLORATION DAY 2014 – Repsol S.A. – slide 97
    Karabashky Blocks Area: By choice not by chance Muliminskoye First Discovery in WSB (1960) Technical merits Prove viability of a new play in the westernmost area of the 60 fields RR: 2 Bbblo basin Producing since 1963 2013…
  98. EXPLORATION DAY 2014 – Repsol S.A. – slide 98
    Salymskiy 6 & 7 Geological Study Licenses: Central South West Siberia Technical merits Blocks located in the center of the basin: low-medium risk; proven Jurassic-Neocomian play Promising features identified in (scarce) seismic and…
  99. EXPLORATION DAY 2014 – Repsol S.A. – slide 99
    Kumolsky +3 Geological Study Licenses: Eastern West Siberia Technical merits Blocks located around 50 km East of a large gas & condensate discovery Similar features recognized in seismic, although large zones with no seismic…
  100. EXPLORATION DAY 2014 – Repsol S.A. – slide 100
    New Ventures: A growth history Regional studies to continue at different stages, helped by good associations and cooperation agreements with local companies and institutes for data access: General WSB+Eastern border of WSB…

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