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Gazprom Neft and Repsol developing exploration cluster in the south–west of the Khanty-Mansi Autonomous Okrug

* Gazprom Neft acquired a 15.02-percent interest in Evrotek-Yugra, owned by Spain’s Repsol, in July 2017. Gazprom Neft’s investment in this joint venture will reach approximately RUB2.5 billion by the end of 2019. The joint venture is undertaking geological prospecting works in the south-west of the Khanti-Mansi Autonomous Okrug.

Evrotek-Yugra holds hydrocarbon exploration and production licenses for the Karabashsky 1 and Karabashsky 2 blocks, as well as exploration licenses for a further five blocks including the Karabashsky 3, the Karabashsky 9 and the Kileisky blocks.

Repsol is a global company, present along the entire energy value chain. It is active in 37 countries and employs more than 25,000 people, and its products are sold all over the world.

It produces some 700,000 barrels of oil equivalent per day, and has one of Europe’s most efficient refining systems, capable of processing over one million barrels of crude oil daily.

In terms of technology—one of the pillars of the company—its cutting-edge projects in various fields have made it a point of reference for innovation, sustainability, and efficiency in the energy industry.