2018 2019 1 1
ACQUISITION AND COMMISSIONING OF THE SARB AND UMM LULU OFFSHORE FIELDS, located off the coast of Abu Dhabi, 20% owned by Cepsa for 40 years.
NEW CONCESSION ARRANGEMENT FOR THE RKF PROJECT IN ALGERIA running for 25 years.
START OF NEW RKF PSC CONTRACT CONDITIONS, and finalization of accumulated rights from interim period.
STAKE INCREASED IN BMS FIELD TO 75%, located in Algeria (after a 30% stake was obtained in 2018).
PRODUCTION STARTED AT TIMIMOUN (ALGERIA), the first natural gas field in which Cepsa has participated.
CEPSA ENTERS MEXICO, launching exploration activity in Latin America with a 20% stake in three exploration blocks.
ACHIEVE WORKING INTEREST PRODUCTION OF 90,000 BARRELS A DAY FROM OUR OPERATIONS.
CUT CRUDE OIL PRODUCTION COSTS AT THE ALGERIA AND CARACARA (COLOMBIA) FIELDS to below $7.7 dollars a barrel.
ACHIEVE SECOND QUARTILE IN IOGP RANKING (International Association of Oil and Gas Producers) concerning workforce safety, process safety and greenhouse gas emissions.
FINISH INSTALLATIONS AT UMM LULU (ABU DHABI) OILFIELD, to reach maximum production in 2020.
RKF OILFIELD (ALGERIA): Launch of contract for construction of new installations and drilling campaign.
192018 ANNUAL AND CORPORATE RESPONSIBILITY REPORT
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