Upstream in Brazil
Picture of the country


In 2016, our presence in Brazil was focused on our Upstream and Lubricants businesses.

Net surface area
of mineral rights




Net production


barrels of oil
equivalent per day


Net proved reserves


million barrels of oil
equivalent per day


As of December 31st, 2016, we owned mineral rights to eight blocks in Brazil: Four exploration blocks (net surface area of 296 km2) and four production/development blocks (net surface area of 147 km2), located in the Santos, Campos, and Espíritu Santo basins.

Net production at year end was 13.8 Mbbl of liquids and 4.8 bscf of natural gas, with a total equivalent net production of 14.7 Mboe (40,157 boe/d), from the Sapinhoá and Albacora Leste blocks. Net proved reserves of liquids and natural gas were estimated to be 72.3 Mboe as of December 31st, 2016.

The positive results obtained in Brazil since 2011 have been achieved through the partnership signed in 2010 between Repsol (60%) and the Chinese company Sinopec (40%), forming the company Repsol Sinopec Brasil, one of the biggest independent private energy companies in Latin America. Repsol Sinopec Brasil is a leading exploration and production company in Brazil, where it is strategically positioned in the highest-potential pre-salt areas, also having significant exploratory activity in the prolific Santos Basin, along with Petrobras and BG. The company has an important and diversified portfolio of assets in Brazil, which includes the production fields Sapinhoá and Albacora Leste and assets where large discoveries have been made in recent years in blocks BM-S-9 (Lapa which has been in production since December 2016) and BM-C-33.

The major exploration discoveries made in recent years and the development projects underway reinforce the company's strategy in offshore Brazil, one of the biggest areas of growth in hydrocarbon reserves in the world, representing key projects for the Upstream area.

2016 milestones

  • On April 18th, Repsol Sinopec Brasil announced that the Gavea A1 appraisal well drilled in the ultra-deepwaters BM-C-33 block in the Campos basin in Brazil had found a 175-meter hydrocarbon column. Repsol Sinopec Brasil participates in this project together with Statoil (operator) and Petrobras. The well reached a total depth of 6,230 meters and satisfactorily passed the production tests, producing approximately 16 Mm3 /d and 4,000 bbl/d. The consortium has also drilled and tested appraisal wells Seat-2, PdA-A1, and PdA-A2. The potential resources in the three findings are currently being evaluated.
  • With regard to the development project of another major discovery in the BM-S-9 block called Lapa (previously known as Carioca), in May 2016 the Cidade de Caraguatatuba FPSO platform (Floating Production Storage and Offloading) arrived. It is used for launching production of this deepwater field. On December 19th, 2016, production began at the Lapa field with the first production well.
  • In August 2016, the P14N well started production in block BM-S-9 in northern Sapinhoá in the deep waters of the Santos pre-salt basin in Brazil, reaching plateau production in this northern area in September 2016 (150,000 kboed 100%). In 2015, two new wells began production in the northern area of Sapinhoá. The wells are connected to the FPSO “Cidade de Ilhabela”, with a production capacity of 150,000 barrels of crude and 6 million cubic meters of gas per day which produces, stores, and offloads the oil to another vessel. This northern Sapinhoá area started production using the “Cidade de Ilhabela” FPSO in the middle of November 2014. The southern Sapinhoá area reached the plateau production rate of 120,000 barrels of crude in 2014 using the “Cidade de São Paulo” FPSO.
  • Sapinhoá is one of Repsol’s main projects. In 2008, the discovery well was listed by IHS as one of the five most important finds in the world that year. Production of this high quality crude oil began in January 2013 in the southern Sapinhoá area using the “Cidade de São Paulo” FPSO, reaching the plateau production rate of 120,000 barrels of crude in 2014.
  • In January 2017, Petrobras and Repsol withdrew from block BM-S-7- Piracucá in the Santos offshore basin.



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Get the latest information on Repsol's presence in Brazil

Information on net production, net proved reserves, and mineral rights as of December 31st, 2016