8th Africa Oil & Gas Trade and Finance Conference
Repsol-YPF:
North Africa Upstream Overview
Luis Carmona
Repsol YPF
General Manager Spain, Algeria & Morocco
Ex - General Manager Libya
Marrakech, April 2004
NOT AN OFFICIAL UNCTAD RECORD
8th Africa Oil & Gas Trade and Finance Conference
Repsol YPF at a glance: • One of the top ten international Oil & Gas corporations
• 30 countries (leader in Spain & South America)
• 1.2 million BOEPD production
• 5 billion BOE oil & gas proven reserves
• 1.2 million BOPD refining capacity in 12 refineries
• 6,600 petrol stations
• 9 million natural gas customers
• 33,000 employees worlwide
• 37 billion € operating income in 2003
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Mexico
Argentina
Bolivia Brazil
Chile
ColombiaGuyana
Peru
Venezuela
Ecuador
Trinidad & Tobago
Algeria
Dubai
Libya
Italy
Kazakhstan
Indonesia
Morocco
PortugalSpain
Germany
Iran
USA
Cuba
DenmarkFrance
Sierra Leone Equatorial
Guinea
Saudi Arabia
Suriname
Up, Mid & Upstream activities
Repsol YPF Worldwide
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SOURCE Company’s reports
Repsol YPF E&P 2003 Oil & Gas Production
(BOEPD)
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0
200
400
600
800
1.000
1.200
2002 2003
Líquidos Gas
+13.2%
(KBOE/D)
1,132
1,000
E&P Oil and Gas Production 2003
8th Africa Oil & Gas Trade and Finance Conference
Gas Production (mmscfd)
0
3.000
6.000
9.000
12.000
15.000
18.000
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
Algeria Egypt Morocco Libya Tunisia
North Africa Production:Liquids: 4.3 million BOPD
Gas: 0.5 TCF / year
Reference: Wood Mackenzie – March 2004
Liquids Production ('000 bopd)
0500
1.0001.5002.0002.5003.0003.5004.0004.500
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
Algeria Egypt Morocco Libya Tunisia
8th Africa Oil & Gas Trade and Finance Conference
North Africa Proven Recoverable Oil & Gas Reserves at 1/1/2004 (mmboe)
0
10 000
20 000
30 000
40 000
50 000
60 000
70 000
Algeria Egypt Libya Tunisia
Produced Liquids Produced Gas
Remaining Liquids Remaining Gas
Reference: Wood Mackenzie – March 2004
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Repsol YPF in North AfricaRepsol YPF in North Africa
8th Africa Oil & Gas Trade and Finance Conference
REPSOL YPF IN NORTH AFRICA
LIBYA
MOROCCO
SPAIN
EGYPTALGERIA
TUNISIA
Net Investment 1990-2003: 2,328 million US$
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020.00040.00060.00080.000
100.000120.000140.000160.000180.000
Algeria Egypt Libya
Liquids Gas
0
200
400
600800
1.000
1.200
1.400
1.600
Algeria Egypt Libya
Liquids Gas
REPSOL YPF IN NORTH AFRICA
Oil & Gas 3P Reserves (MMBOE)
Repsol YPF year 2000 data100% Figures
Oil & Gas Production (BOEPD)
460,000 BOEPD 3,200 million BOE
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Repsol YPF in Libya:
A successful story:
• First E&P contract (NC-115): December 1994
• First oil production from NC-115: December 2006
• Present production (100%): 200,000 BOPD (+)
• Present exploration acreage (100%): 138,00 km2 (*)
(*) Repsol YPF operated: 118,00 km2 – Non-operated: 20,000 km2)
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Repsol YPF Oil Production (100% - BOPD)
0
50.000
100.000
150.000
200.000
250.000
1996 1997 1998 1999 2000 2001 2002 2003
Repsol YPF in Libya
8th Africa Oil & Gas Trade and Finance Conference
Present Main Oil Fields Production in Libya (BOPD)
0
100.000
200.000
300.000
400.000
500.000
600.000
700.000
800.000
Bu
Att
ife
l
Na
ffo
ra-
Au
gila
Inti
sa
r
Gh
an
i-Z
en
ad
Am
al
As
Sa
rah
NC
11
5 -
El
Sh
ara
ra
Bo
uri
NO
CO
pe
rate
dF
ield
s
2003 Figures / Wood Mackenzie
Repsol YPF Operated
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Repsol YPF (operated blocks)Non Operated Blocks
Repsol YPF in Libya
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Repsol YPF in Algeria:
• Exploration activities since more than 30 years
• First oil production (Issaouanne): November 1998
• First gas production (TFT): March 1999
• Present production (100%): 193,000 BOEPD
• Present exploration acreage (100%): 26,000 km2
8th Africa Oil & Gas Trade and Finance Conference
Repsol YPF Oil & Gas Production (100% - BOEPD)
0
50.000
100.000
150.000
200.000
250.000
1998 1999 2000 2001 2002 2003
Liquids Gas
Repsol YPF in Algeria
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Ghadames/Basin
AtchanUplift
TihembokaArch
Berkine
TindoufBasin
Reggane
Basin
Ougarta Chain
Den
Berhous
Saddle
Meharez-Oued- Hamous Uplift
CheliffBasin
High Plateau
Timimoun Basin
Saharan / Tunisian Atlas
Benoud Trough
AllalHigh
Djofara
BjourSub-Basin
Ahnet Basin
Idjeran
e Sp
ur
Mouydir
Basin
Oued MyaBasin
TilrhemtUplift
Tellian Atlas
Amguid
Spur
Hassi Messaoud
El BiodHigh
Melrhir Trough
Touggourt Uplift
Hodna BasinSudTellian Atlas
SE ConstantinePlateau
Madjerda Basin
BerkineBasin
Illizi
Basin
KechabtaBasin
Mediterranean Sea
Hoggar Massif
Bechar Basin
MAURITANIA
MOROCCO
MALI
LIBYA
TUNISIA
NIGER
0 250 500
Km
SPAIN
Azzene High
Repsol YPF in Algeria
Reggane
Illizi
Berkine
Ahnet
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Exploration:
Block Berkine 2,317 Km2
Blocks Reganne 12,012 Km2
Blocks M’Sari Akabli 11,688 Km2
Total 26,017 km2
Production (100%):
TFT 187,000 BOEPD
TFR/TIM/BEQ 6,000 BOEPD
Total 193,000 BOEPD
TFTTFT
IssaouaneIssaouane
Algier
Hassi Messaoud
Hassi R´Mel
Berkine (401d)Berkine (401d)
Production Exploration
RegganeReggane(351c-352c)(351c-352c)
Repsol YPF in Algeria
M’Sari AkabliM’Sari Akabli(332a,341a3,339a1,337a1)(332a,341a3,339a1,337a1)
Regane Basin
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Repsol YPF in Algeria – Current Acreage
REGGANE
M’SARI AKABLI
401 d
TFT
ISSAOUANE
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OOIP- 391 MMBOBBR-ROD
OOIP- 155 MMBOSFNE
OOIP- 138 MMBOBSF
OOIP- 93 MMBORDB
25 KM
OOIP- 70 MMBOKA
HASSI KESKESSA
OOIP-1350 MMBO1.3 TCF
OOIP-2000 MMBO650 BCF
HASSI BERKINE SUD
OOIP->2000 MMBO667 BCF
OURHOUD
BLOCK-401d (BERKINE BASIN)
401 d
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Repsol YPF in Morroco
Exploration Acreage:
Blocks
- Tanger-Larache 1,2,3
5,458 Km2
Repsol YPF 75%
- Rimella A,B,C,D,E (*)
9,035 km2
Repsol YPF 20%
(*) Subject to Approval
Tanger-Larache
Rimella
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Initial Prospectivity
Blocks Tanger – Larache 1,2 & 3
2D Seismic Programme 2004 (1,100 km)
Exploration project start-up: Dec 2003
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Old 2D seismic New 2 D Seismic (on-board processing)
Blocks Tanger – Larache 1,2 & 3
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Repsol YPF committed to North Africa:
• Partnership with National Oil & Gas Companies
• Cultural and long links with North African countries
• Taking the whole exploration risks and sharing the benefits (Production Sharing Contracts)
• High Investments
• High return to the countries