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  • Repsol starts gas production at the Kinteroni field in Peru
    édité le 01/04/2014 - Plus de news de "REPSOL" - Voir la fiche entreprise de "REPSOL"

Repsol starts gas production at the Kinteroni field in Peru
Repsol has started gas production in the Kinteroni field, Peru, one of the ten key projects included in its 2012-2016 Strategic Plan. The field, located in Cuzco, east of Lima, Peru, will initially produce 20,000 barrels of oil equivalent a day, which is expected to double by 2016.

Repsol is the operator of the project with a 53.84% stake, with Brazil’s Petrobras holding the remaining 46.16%. Block 57 has great potential for further exploration.

Kinteroni is located in block 57, east of Peru's Andes mountain range, and is one of the most promising gas-prone exploratory plays in Peru. In 2012 Repsol made another large discovery in the area, Sagari. Preliminary estimates indicate the field may hold resources of between 2 and 3 TCF (trillion cubic feet) of gas.

With the start-up of Kinteroni, one of the five biggest discoveries made worldwide in 2008, Repsol has begun production in seven of its ten key growth projects included in the Strategic Plan 2012-2016: Sapinhoa (Brazil), Mid-continent (USA), AROG (Russia) Margarita-Huacaya (Peru), Lubina and Montanazo (Spain), Carabobo (Venezuela) and the aforementioned Kinteroni (Peru).

The start of production from these projects has allowed the company to significantly increase its output, at an average annual rate of 7% since 2011, to reach 346,000 barrels per day in 2013. At the same time, the company increased its reserve replacement ratio to a record 275% in 2013.

About Repsol in Peru

Repsol is one of Peru’s largest energy operators in Peru, holding rights in six blocks: three exploration licenses and three production licenses. In addition, the company operates La Pampilla, the country’s largest refinery, has a network of more than 300 service stations and participates in the lubricants, jet fuel and asphalts markets, among others.

About Repsol

Repsol is an integrated global energy company which operates in over 30 countries and employs 24,000 people. It specialises in hydrocarbon exploration and in recent years has made some of the biggest discoveries worldwide. Repsol operates in the most demanding areas on the planet with the toughest technological requirements, many inaccessible to the industry until just a few years ago.

Located in Mostoles (Madrid), the Repsol Technology Centre is one of the most advanced in Europe and the largest in Spain, with an area of around 56.000 m2. There are more than 400 scientists and researchers working at the facilities and contributing throughout the company’s value chain.

Heads forms part of Repsol's commitment to science, technology and innovation to supply smart energy and joins other Repsol success stories such as the Kaleidoscope Project, in collaboration with the BSC and Stanford University, or the Sherlock project, which has made the Repsol Technology Centre a global benchmark for innovation and technology.

Origine : Communiqué REPSOL

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