KeyfactsEnergy

CEPSA

Contacts

CEPSA Head offices (I)
Campo de las Naciones Avda.
del Partenón 12
28042, Madrid

Tel: 91 337 60 00

CEPSA Head offices (II)
Campo de las Naciones Ribera del Loira 50.
Edificio 1, 28042, Madrid

Tel:

Description

Compañía Española de Petróleos, S.A. (CEPSA) is a global energy company, which operates in an integrated manner throughout the value chain stages of hydrocarbons, in addition to the manufacture of products from raw materials of plant origin, and which has a presence in the renewable energy sector.

CEPSA has been operating in the energy sector since 1929 and has businesses across five continents. Its operations span exploration, production, refining, distribution and marketing, chemicals, gas and power, trading, bunkering and renewable energy sources. It is the world’s largest producer of Linear Alkyl Benzene (LAB) and also the leading producer of cumene and the second in phenol and acetone, thanks to its seven chemical plants, in Europe, Asia and the Americas.

The exploration and production business unit carries out all the activities necessary to find and produce hydrocarbons. CEPSA currently produce at Algeria’s second largest oil field and also have a significant presence in Colombia, where they are the fifth largest company in the sector. CEPSA have a diversified portfolio, with onshore, offshore and deep offshore assets.

Production

In the first half of 2019, working interest (WI) production of crude oil amounted to 93.9 kb/d, 9% up on the first half of 2018, mainly due to the start of production in the SARB and Umm Lulu fields in Abu Dhabi, 6 months after their acquisition (WI production of 22 kb/d until June). During this first half of 2019, Cepsa sold 11.2 million barrels of crude, an 86% increase vs the same period from the previous year.

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