Repsol activities in: Argentina Bolivia Brazil
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- Chile 2006
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Natural GasIn America, Repsol YPF undertakes the distribution and commercialisation of natural gas in Argentina, Colombia, Brazil and Mexico. Distribution and Commercialisation In Brazil, Repsol YPF distributes natural gas to the metropolitan area of the state of Rio de Janeiro and, since 2000, in the southern area of the state of Sao Paulo, with a total of approximately 0.8 million customers. In July 2004, Gas Natural SDG completed the acquisition of Enron's stake in the Gas do Rio de Janeiro (CEG) Distribution Company and CEG RIO, as a result of which the Group increased its involvement in said companies to 54.16% and 72% respectively. The total amount of the operation was approximately 129 million euro. In July 2005, Petrobras exercised its purchase option on 12.4% of CEG RIO, leaving the Repsol's final holding in Gas Natural SDG in this company at 59.6%. Chile 2006LogisticsIn Chile, Repsol YPF leases storage capacity from Oxoquín and ENAP, in Quintero, Coronel, Maipú and Linares, amounting to 63,000 m3. In Peru, there is 110,000 m3 of storage capacity contracted at two terminals. In Chile, Lipigas, a company in which Repsol YPF holds a 45% stake, is the market leader with a market share of 35.8% and sales (100%) that have reached 420 kt a year.Colombia 2007Exploration and Production At 31 December 2007, Repsol YPF held mineral rights on 10 blocks in Colombia: 9 exploration blocks with a net area of 5,148 km2 and one exploitation block (Cravo Norte) with a net area of 17 km2. The year's net production was of 2.3 Mbbl (6,254 bbld) of oil. Proven net oil reserves were estimated at 4.5 Mbbl at the end of the year. Over the course of 2007, two exploratory surveys were concluded, one with a negative result while the other was abandoned for technical reasons. 
Milestones in 2007 • In May 2007 Ecopetrol authorised a request to extend the Capachos Block's exploratory period by 5 months until November 2007 in order to complete the drilling of the Capachos Sur-1 well, which began in February 2007 and decide whether to continue with the contract's next phase. In February 2008, the assessment of the Capachos Sur-1 survey was completed with a positive result. In the second half of 2007, a request was made to Ecopetrol to complete the exploratory period, with the return of 50% of the area and to turn the Capachos block into an Exploitation Contract. Repsol is the block operator with a 100% shareholding. • In September 2007 the drilling of the Platanillo-1 well was completed with a negative result in the Platanillo block where Repsol holds 35%. The drilling a second well, Platanillo 2, was also included in the contract and began in September 2007. The result of the Platanillo-2 “appraisal” well was positive. The production tests undertaken resulted in 32º API hydrocarbon production. • In 2007 the Caporal, Tingua, Orquidea and El Queso blocks were obtained. Civil engineering work was carried out in the Orquidea block with a view to drilling the Brassia -1 well. Said drilling began in February 2008. Directory: gifiles -> attach -> 103 attach -> Russia 110204 Basic Political Developments attach -> Unclassified//for official use only attach -> Adaptability Sustainment attach -> Pop-up 1 ("C" Chechnya) Header Text: Emir of the Caucasus Emirate Doku Umarov Image attach -> Russia and Islam are not Separate attach -> Chapter 13: The Northern Caucasus attach -> Russia 100209 Basic Political Developments attach -> The evolution attach -> The devolution 103 -> Russia/ukraine/econ – Rumors of business deals notes: Bolded = specific companies and deals Bolded and italicized Download 449.22 Kb. Share with your friends:
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