WHERE DOES ENERGY COME FROM?

In this article, Cepsa introduces us to one of its most strategic and interesting units, Exploration and Production. It is worthwhile knowing where energy comes from.

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EXPLORATION AND PRODUCTION
Our Exploration and Production Unit is dedicated to exploration and development activities as well as the production of oil and natural gas both on land and off-shore.


We are a reference company for upstream project development with decades of experience. We work with the Abu Dhabi national company to maximize the production of one of the ten largest developing projects in the world, and we operate in partnership with the Algerian national company, the second largest oil field in Algeria.

Our projects include both onshore and offshore production. We operate in coastal and shallow waters, and in partnership for deep-water exploration.

We add value by working under a single centralized business management model with both operated and non-operated production facilities, which reach a shared production of 90,000 barrels/day.

We continually seek to optimize our Exploration and Production portfolio by strengthening our position in our operating regions and by focusing on the efficiency of our fields. We have achieved a sustainable and resilient portfolio with a reserve/production ratio of more than 15 years and a break-even of above $30/Bbl.

In recent years, we have increased our activities in the main regions of Abu Dhabi and Algeria, focusing on projects in which we can implement our value-building skills, while ensuring the safe and sound execution of developing projects.

We are present in over 10 countries across the Middle East, North Africa, Latin America, and Europe.

  1. United Arab Emirates: our activity is carried out together with ADNOC (Abu Dhabi's National Oil Company) in the offshore fields of SARB, Umm Lulu, Bin Nasher and Al Bateel. The SARB oilfield contributes the highest amount of production to our business area.
  2. Argelia: we develop our activity in the Ourhoud (ORD), Rhourde El Krouf (RKF), Timimoun, and Bir el Msana (BMS) fields.
  3. Colombia: our main asset is the Caracara production field, where, since 2008, we have managed to maximize the recovery of reserves.
  4. Perú: our activity takes place in the Ucayali basin, where we discovered Los Angeles, a field that is currently in production.

TECHNICAL AND OPERATING EXCELLENCE 

      1. Our team. Our employees are our main asset. We have a highly qualified, multicultural team with international experience and we are continuously looking for new talent.
      2. Flexibility. We have great capacity to adapt, develop and carry out projects in varied operating environments of high technical complexity, associated with leading companies in the Exploration and Production sector.
      3. Efficient, safe and quality processes. The safety of our employees is our first priority, along with minimizing the environmental impact of our projects. Therefore, we employ the highest safety standards that govern the quality of our work, which follows international industry standards.
      4. Experience and high technical capacity. We have extensive experience in project development, especially in the Middle East and North Africa, where we are one of the largest operating companies in the sector.

SUSTAINABLE GROWTH

Our top priority is safety and we are committed to sustainability and social responsibility in the communities where we operate.

We always seek to make a positive impact on our areas of activity, which is why we participate in projects to drive their development and generate a positive impact . We have social management teams that provide important services such as access to water, hygiene products or school supplies.

Another of our commitments is environmental protection. Aspects such as reducing emissions, water care or our pollution prevention systems make us stand out among our competitors, partners and stakeholders.

WE LEAD INNOVATIVE PROJECTS 

Another of our values is our innovative technological contribution to projects. We have had many successes.

        1. We are committed to digital transformation by using advanced analytics, artificial intelligence and automation to help maximize the efficiency and performance of our resources.
        2. We have successfully implemented operating systems to improve efficiency in the recovery of oilfield reserves by using water alternating gas (WAG).

Exploration and Production at Cepsa (ADIPEC 2018)

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OUR ACTIVITIES IN THE WORLD

Over the last few years we have considerably In recent years we have tripled our facilities worldwide. We are already present across four continents and continue to grow internationally.