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Repsol YPF is one of the 10 major privately owned international oil and gas companies engaged in exploration, production, refining, marketing and distribution of hydrocarbon and related products. Corporate headquarters offices are in Madrid, Spain. Regional offices are located worldwide.
Profitable and diversified growth are Repsol YPF’s objectives in its oil and gas exploration activities, a strategy underpinned by growth in production and reserves, geographical diversification, operating excellence whilst remaining a low-cost operator, and profitability by increasing average unitary margins.
The Company sets its priority and focuses its efforts on projects for oil production in Latin America and North Africa; natural gas production in Latin America and the Caribbean; integrated liquefied natural gas (LNG) projects in the Atlantic, Pacific, and Mediterranean basins, and increased oil exploration activities. In the context of its strategy for profitable growth in this activity, Repsol YPF has entered projects in areas of core interest for the Company’s future development, such as the projects underway in Algeria, Iran and Saudi Arabia. At the same time, and with a view to diversification, Repsol YPF has strengthened its strategic position in countries such as Libya, Trinidad & Tobago, and Venezuela, without losing sight of its presence in other geographical areas such as Bolivia, Argentina, and the United States, as part of the Company’s firm commitment to the strategic targets announced. As of 31 December 2004, Repsol YPF had stakes in oil and gas exploration and production assets in 24 countries, either directly or through affiliates, and was operator in 20 of these.
Last update: August 26, 2005