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2017 MILESTONES

2018 CHALLENGES 1

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obtain the ConCession for the sarb and umm lulu offshore fields, off the coast of Abu Dhabi.

inCrease our staKe in the bms oilfield to 75%, Algeria.

launCh of produCtion in timimoun, the first natural gas field in which Cepsa has participated.

siGninG and approval of new ConCession projeCt for the rKf projeCt.

entry in meXiCo, increasing our operations in Latin America.

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30 year Celebration of Cepsa s operations in alGeria, displaying our activity in the country and future projects.

approval and development of the deCommissioninG projeCts in thailand, performed under strict safety and environmental conditions.

30% share aCquired in the los anGeles field, located in Peru. following this acquisition Cepsa now has a 100% stake in this oilfield.

finalization of the 3d seismiC eXploration at mereCure, Colombia, to identify and evaluate new business opportunities.

siGninG of a new ContraCtual frameworK with our partners sonatraCh and total for the Timimoun natural gas field concession.

launCh of hail produCtion, the new oilfield in abu dhabi, where we have operated a subsidiary since 2013.

2017 ANNUAL AND COrPOrATE rESPONSIBILITY report