Repsol YPF is an integrated international oil and gas company, operating in more than 30 countries and is the leader in Spain and Argentina. It is one of the ten major private oil companies in the world and the largest private energy company in Latin America in terms of assets.
The E&P area includes oil and gas exploration and production activities carried out by the company throughout the world. Repsol YPF’s objective in this area is profitable growth that is diversified, sustainable and committed to safety, the environment and local communities. This is achieved through the following lines of the 2008-2012 Strategic Plan: the expansion of production and reserves, geographical diversification of activities, operational excellence as a low-cost operator and profitability through an increase in average unit margins.
Profit amounted to Euros 2,968 million in 2007. EBITDA for the year was Euros 5,227 million compared to
Euros 5,609 million for 2006. In 2007 oil and gas production totalled 1,039 million barrels of oil equivalent per day. In Liquefied Natural Gas (LNG), one of the company’s growing areas, the participation in projects such as Peru LNG, Atlantic LNG and Canaport reinforces Repsol YPF’s position in this business.
- Large Industry