Libya

In 2017, our presence
in Libya was focused
on our Upstream business

Upstream in Libya

  • Exploration
  • Production / development
Repsol in Libya

Upstream

As of December 31st, 2017, we held mineral rights to four blocks in Libya. Out of these, two are exploration blocks and have a net combined surface area of 3,132 km2. The two production/development blocks have a net surface area of 1,566 km2.

Net proved oil reserves at 2016 year-end were estimated to be 97.4 mbbl.

Milestones

  • On January 4th, 2017, production restarted in the I/R field in Libya (a field shared between Blocks NC-186 and NC-115) and, on May 9th, in NC-186. On December 20th, 2016, it was restarted in El Sharara, in block NC115 (fields A, M and H). Average production in 2017 reached 208 kboe/d gross (ending the year at 299 kboe/d gross in December), which represents a net production for Repsol of 25,4 kboe/d (38.8 kboe/d in December).

Upstream


Net surface area
of mineral rights

4,698

km2

Net
Production

25,400

barrels of
oil equivalent
per day

Net proved
reserves

97.4

million
barrels
of oil
equivalent

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