Mexico

In 2017, our presence
in the Mexico was focused
on our Upstream, Chemicals,
Lubricants, and Marketing businesses

Upstream in Mexico

  • Exploration
  • Chemicals
  • Lubricants
  • Service stations
Repsol in Mexico

Upstream

As of December 31st, 2017, we owned mineral rights to one offshore exploration block in the Southeastern basin, covering a net surface area of 356 km2.

Milestones

  • In the middle of the Year, Repsol was awarded exploration block 11 by the Mexican authorities (National Hydrocarbons Commission), within the 2nd exploration round in shallow waters. Repsol is the operating company, with a stake of 60%, its partner being the company Sierra Oil & Gas with 40%. With this award, the company obtained its first exploration block in Mexico and once again gains an E&P presence in this country after the expiry of the Multiple Services Contract in the Burgos Basin in January 2014.
  • In the Deepwater Exploration Round held on January 31st, 2018 in Mexico, Repsol and different consortiums were awarded three new exploration blocks (Blocks 10, 14, and 29).

Service Stations

In March 2018, we opened the first 10 service stations in the country. The company expects to end the year with 200 stations operating in Mexico.

Lubricants

Sale and distribution of lubricants is run through our commercial office.

Chemicals

Since 1999 we have held an interest in Dynasol, an alliance in which we collaborate together with Mexican group KUO, a business focusing on the manufacturing of solution rubber. In 2015, Repsol and the KUO Group agreed to expand their partnership with Dynasol.

In Mexico we have a synthetic rubber production plant in Altamira, with an installed capacity (100%) of 110 kt/y. 

Dynasol is currently a world leader in synthetic rubber and a global producer with plants in Europe, America, and Asia.

Upstream


Net surface area
of mineral rights

356

km2

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