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Platts presents Repsol with the 2017 Exploration and Production Industry Leadership Award

  • The international agency has awarded Repsol the 2017 Exploration and Production Industry Leadership Award, highlighting the company’s exploratory success and strong financial results in an environment of low prices.
  • The award confirms Repsol’s excellent upstream performance, including the significant improvement in operations in the United Kingdom and the United States as well as large discoveries in Alaska and Trinidad and Tobago during the year.
  • A key factor was the launch of a rigorous plan for synergies and efficiency that has allowed the company to meet its savings goal of 1.2 billion euros in 2017, one year earlier than initially planned.
  • Also recognized were the management of assets acquired from Talisman, such as the increased production of the Marcellus project in the United States, the enhanced performance of UK wells and the successful removal of a single hoisting of the Yme platform in the North Sea.
  • The exploratory discoveries made in 2017 in Alaska and Trinidad and Tobago, to date among the 10 largest findings of the year, support the E&P business’s good prospects in the coming years, and meet the value creation objective laid out in the company’s strategic plan.
  • Platts is the world’s leading specialized provider of information on energy, petrochemicals and metals, and has a more than 100 years of history. Its Global Energy Awards distinguish the best leaders, companies and projects in the sector.

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