Repsol
SECTOR: Energy and Environment
Registered Global Reach
BrazilMexicoEuropean UnionVenezuelaUnited KingdomChileLibyaUnited StatesSpainTrinidad and Tobago
History of International Operations
| Date | Operation Summary | Key Figures / Investment | Destination Country |
|---|---|---|---|
| 2026-05-18 |
Repsol has begun oil production at its Pikka project in Alaska, USA, in partnership with Santos. Production is expected to reach 80.000 barrels per day by 2026, consolidating its presence in the North American upstream sector.
|
Projected production of 80.000 barrels of oil per day for the third quarter of 2026. | United States |
| 2026-04-30 |
Repsol posted an adjusted net profit of €873 million in Q1 2026, driven by its global operational resilience. The company invested in inventories and secured supply in Spain, with key operations in the Americas, Africa, and Venezuela, and projects in Brazil and Alaska.
|
Adjusted net profit of 873 million euros, investment of 1.200 billion in inventories, production of 539.000 bopd and agreements to triple production in Venezuela. | United States, Mexico, Brazil, Libya, Venezuela |
| 2026-04-24 |
Repsol is participating in the expansion of Libya's main oil field, projected to reach 350.000 barrels per day, strengthening the energy security of the European Union and Spain, which receive more than 70% of its crude.
|
350.000 barrels per day | Libya, Spain, European Union |
| 2026-04-16 |
Repsol has signed an agreement with the Venezuelan Ministry of Hydrocarbons and PDVSA to regain operational control of the Petroquiriquire asset, seeking to triple its crude oil production in three years and ensure natural gas production until 2026.
|
Current production: 45.000 gross barrels/day. 12-month target: 50% increase. 3-year target: Triple current production. | Venezuela |
| 2026-03-11 |
Repsol, together with TotalEnergies and Shell, has started crude oil production at the Lapa Suroeste field in Brazil, a milestone that adds 25.000 barrels per day and optimizes its assets in the Santos basin.
|
Estimated additional production: 25.000 gross barrels per day. Total production from the Lapa field: 60.000 gross barrels per day. Repsol Sinopec Brasil's share: 25%. | Brazil, Trinidad and Tobago, United States |
| 2025-12-11 |
Repsol sells a 43,8% stake in its Outpost solar park in Texas to Stonepeak for $252,5 million, consolidating its renewable expansion strategy and asset rotation in the US through a strategic alliance.
|
Sale of a 43,8% stake for $252,5 million. Total asset valuation at $775 million. Installed capacity of the Outpost solar park: 629 MW. | United States |
| 2025-12-08 |
Repsol and HitecVision, together with TotalEnergies, have merged their exploration and production assets in the United Kingdom to create NEO NEXT+, the largest oil and gas operator in the British North Sea.
|
Estimated production for 2026: over 250.000 barrels/day. TotalEnergies 47,5%, HitecVision 28,875%, Repsol 23,625% stake. TotalEnergies retains up to $2.300 billion in liabilities. | United Kingdom |
| 2025-09-29 |
Repsol, in consortium, has started oil production in deep waters of the United States with the Leon-Castile project, a strategic development that ensures a long-term source of energy and reinforces its investment commitment in the region.
|
50% stake in Leon and 35,62% in Castile. Initial operating capacity of 60.000 barrels of oil and 40 million cubic feet of gas per day. 87% reduction in emissions. | United States |
| 2025-04-21 |
Repsol has started electricity production at Antofagasta Phase 1, its largest wind farm in Chile, with a capacity of 364 MW and an investment of 400 million euros, consolidating its position in renewable energy.
|
Investment close to 400 million euros, installed capacity of 364 MW, annual generation of 750 GW/h. | Chile |
| 2024-12-20 |
Repsol has inaugurated its first direct air capture (DAC) plant in Brazil, a pioneering project in Latin America that can capture up to 300 tons of CO2 per year, reaffirming its commitment to clean technologies.
|
300 tons of CO2 per year | Brazil |
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