Peru

In 2017, our presence
in Peru was focused
on our Upstream
and Downstream businesses

Upstream in Peru

  • Exploration
  • Refining
  • Lubricants
  • Trading
  • Service stations
  • Production / development
Repsol in Peru

Upstream

As of December 31st, 2017, we owned mineral rights to four exploration blocks in Peru: two exploration blocks with a net surface area of 10,255 km2 and two production/development blocks with a net surface area of 141 km2.

In 2017, net hydrocarbon production totaled 16.8 mboe (46,029 boe/d) from block 57 (Kinteroni and Sagari), block 56, and block 88 (Camisea reservoir). Net crude production reached 4.9 mbbl, including condensate and liquids, in addition to 66.9 bscf of natural gas. Net proved crude and gas reserved were estimated to be 417.4 mboe at year-end.

Milestones

  • Gas production began at the Sagari field on November 24th. This field is located in the Ucayali-Madre de Dios basin (block 57), one of the most prolific gas producing areas in Peru, where Repsol is the operator with a 53.48% working interest. Kinteroni, the other great discovery in block 57, began production in March 2014. When Repsol found Kinteroni in January 2008, it was one of the greatest discoveries worldwide that year. Sagari was discovered in 2012.

Refining

We have been operating the La Pampilla Refinery, located in El Callao, with a 82.38% stake.

In October 2016 the Low-Sulfur Diesel production module of the refinery was commissioned, a project which involved an investment of $470 million, placing it at the head of the most cutting-edge facilities from an environmental standpoint.

In 2017 La Pampilla achieved a refining capacity of 117,000 barrels a day.

Trading

We supply, market, and transport oil worldwide through our commercial office in Lima.

Service Stations

In 2017, our network included 490 service stations, where we market products and offer complementary services to our customers.

Lubricants

Sale and distribution of lubricants is run through our commercial office.

Upstream


Net surface area
of mineral rights

10,396

km2

Net
Production

46,029

barrels of
oil equivalent
per day

Net proved
reserves

417.4

million
barrels
of oil
equivalent

Downstream


Distribution
network

490

service
stations

Information on net production, net proved reserves, and mineral rights
as of December 31st, 2017