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.
TECHNICAL AND OPERATING EXCELLENCE
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.
Exploration and Production at Cepsa (ADIPEC 2018)