The United Kingdom
In 2017, our presence
in the United Kingdom was focused
on our Upstream business
- Production / development
As of December 31st, 2017, we owned mineral rights to 90 exploration blocks in the United Kingdom: 23 exploration blocks with a net surface area of 117 km2 and 67 production/development blocks with a net surface area of 543 km2.
Net production in 2017 totaled 9.1 mbbl of liquids and 4.1 bscf of natural gas, with a total net production of 9.8 mboe (26,865 boe/d). Proved liquid and natural gas reserves at year-end were estimated at 43.3 mboe.
- In May, Repsol announced the start up of production at the Shaw field in the MAR area (Montrose and Arbroath platforms), in the British sector of the North Sea. Repsol Sinopec Resources UK is the operator of the field that is part of the Montrose Area Redevelopment (MAR) plan. This project involves the development of two new fields (Shaw and Cayley), where a new production platform (BLP) with a connection to the Montrose Alpha rig has been installed. Production started up at the Cayley field in June 2017.
Net surface area
of mineral rights
Information on net production, net proved reserves, and mineral rights
as of December 31st, 2017