The Chief Executive Officers of Repsol and Gazprom Neft, Josu Jon Imaz and Alexander Dyukov, today in Madrid signed a memorandum of understanding to increase collaboration between both companies in West Siberia.
Bolivian president Evo Morales and Repsol president Antonio Brufau met today in Brussels to finalize an agreement that will allow the company to explore a new block in southern Bolivia, where the country’s largest producing fields are located.
Repsol has uncovered its largest volume of gas of the last five years offshore Trinidad and Tobago, where the find is the most significant in a decade for the country. The company estimates the finds made in two wells at two trillion cubic feet of gas in place (2 TCF).
Repsol earned a net income of 689 million euros in the first quarter of 2017, a 59% increase from the same period the previous year, following the implementation of plans to boost and make more flexible its businesses in the current context of low crude oil prices.
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