Exploration Outlook for 2013 Sustaining E&P long term growth Back to full speed September 2012 Marcos Mozetic Exploration Managing Director
Where we are today Norway USA Russia (Alaska) Canada Ireland Espaa Bulgaria USA. Portugal Tunisia Iraq Morocco Algeria Iran Libya Mauritania Oman Venezuela Guyana Saudi Sierra Leone Colombia Suriname Arabia…
How we saw our future delivery September 2010 Our future delivery is based on an efficient replacement of exploration acreage. For this we have a qualified team and a flexible and agile management We have an adequate geographical…
How will we finish 2012 We will deliver +300million barrels in contingent resources.. in spite of falling short in finished wells (estimated at 20 wells), mostly due to operational setback in Alaska and delays in starting in Libya…
Stretching our exploration frontiers 6
Mboe RRR (%) Notable improvement in reserve replacement, without exhausting contingent resources bank Recursos Contingentes a final de ao (Mboe) 2000 1800 1600 1773 1581 1400 1509 1404 1200 1000 Mboe 800 600 764…
Highlights for 2013 Back to full speed Between 36 and 40 wells (depending on rig availability), Investigate above 6 billion barrels in gross terms 70% of investments targeting oil Almost 65% spent in drilling Largest…
South America - Peru Complete our acreage position in the folded belt Continue drilling campaign in Block 57 Planning drilling in Block 76 for 2014 9
Two short wells: Guyana and Bolivia Target to the east and deeper than prognosis Suspended drilling in Late Cenomanian source, short of main target reservoir 10
Brazil activities Dionisio Pao de Acucar Lebre Sagitario Vampira Abare- Abare O Panoramix 3 Iguazu Mirim 11
Alaska 3 firm pads on shore North Slope, 206 Blocks, WI 70%, Operator Chukchi Sea, 93 Blocks, WI 100%, Operator Beaufort Sea, 71 Blocks, WI 20%, non-Operated 12
Repsol in Canada EL 1074R* EL 1123 CVX (OP) 65% STATOIL (OP) 75% REPSOL 20% REPSOL 25% STATOIL 15% EL 1125, EL 1126 Statoil (OP) 50% CVX 40% MIZZEN REPSOL 10% EL 1114, EL1121 HUSKY (OP) 67% EL 1111 REPSOL 33% HUSKY (OP)…
Kurdistan: Piramagrun and Qala Dze Qala Dze PSC Kurdistan 100% Repsol working interest 80% Repsol Net interest 20% KRG carried interest Area: 1852km2 Piramagrun PSC Qamchuqa 100% Repsol working interest 80% Repsol Net…
Repsol in Norway 2008 Prequalification of Repsol as Operator on NCS. 2009 First Award: PL512 (Norwegian Sea) APA08 2010 Opening of the office in Oslo. -Awarded PL-541 (Operator) and PL-557.(APA09) -Farm in in PL-356 (DetNorske…
Repsol in Ireland DUNQUIN FEL 3/04 Exxon, 27.5% (op) ENI, 27,5% Repsol, 25% Providence, 16% Sosina, 4% NEWGRANGE LO 11/11 BidRound, 2011 Providence, 40% (op) Repsol, 40% Sosina, 20% 16
Repsol in Bulgaria GAS DISCOVERY 2012 4 TCFG Khan Asparuh Block WI 30% 14220 km2 40km 18
Unconventionals in Spain 19
Back to North African on shore Initiate drilling campaign with 9 wells in 2013 almost completed seismic survey to be completed Started 5 well drilling campaign with success Block SEI Repsol: 52.5% (Operator) Enel: 27.5…
Repsol acreage in Russia WSB (2012) Yuzhno- Khadriakhinskoye gas field Syskonsininskoye gas field Kumoslkiy Group Karabashkiy Group REPSOL LICENSES IN WEST SIBERIAN BASIN (Total acreage: 6987 km2) NEW ACREAGE…
Repsol blocks in Indonesia Cendrwasih II Repsol 50% Seram E Bula Operator Repsol 45% Non Op. Cendrwasih III & IV Repsol 50% Non Op 22
Block WA480-P Location: NW Shelf, Australia WA480-P CARNARVON BASIN WA 480 P. Repsol 100%. Award 20th August 2012. Deep water frontier block, 1000 to 1600m, 300 km from shore. Area 12,585 Km2 1st year 3D Seismic…
Repsol in Mauritania Taodeni Basin: 2 times Spain TA-10: 21 665 km2 25
Repsol in Angola B35/11 (Op. ENI Sonangol P.P- Repsol) Awarded on 22nd Dec 2012. End 1st Exploration Period 31st Dec 2016: Commitments : 1. 2500 km2 of 3D seismic 2. 2 (two) Pre-Salt Wells End 2nd Exploration Period 31st dec…
Our search for Excellence With the tools developed for carbonates under Sherlock, we are improving predictive tools for diagenesis of reservoirs Redeveloping our competencies on folded belts Working on our algorithms for GWD gas…
Conclusions Leverage on strong recent exploration track record to create value from current exploration pipeline Growing exposure to attractive areas, crude oil prices and increasing share of OECD Focus on our technical themes…
Exploration Outlook for 2013 Sustaining E&P long term growth Back to full speed September 2012 Marcos Mozetic Exploration Managing Director