Repsol Sinopec sees stable output through 2020

Record ID: 906019

  • Title: Repsol Sinopec sees stable output through 2020
  • Date: 11th August 2017
  • Summary: RIO DE JANEIRO, BRAZIL (AUGUST 11, 2017) (REUTERS) REPSOL SINOPEC CEO, LEONARDO JUNQUEIRA, DURING REUTERS INTERVIEW JUNQUEIRA ANSWERING QUESTION DURING INTERVIEW REPSOL SINOPEC LOGO (SOUNDBITE) (Portuguese) REPSOL SINOPEC CEO, LEONARDO JUNQUEIRA, SAYING: "We are proud of Repsol Sinopec's position in the country today because we're reaching nearly 100,000 barrels a day, making us the number three producer in the country." GENERAL VIEW OF INTERVIEW WITH JUNQUIERA AND REUTERS JOURNALISTS (SOUNDBITE) (Portuguese) REPSOL SINOPEC CEO, LEONARDO JUNQUEIRA, SAYING: "I think Pao de Acucar is our big future project. It is a non-associated gas project with the capacity for making up half of all the gas for the market. We believe in the development of the gas market and its integration with the electricity sector." JUNQUEIRA LOOKING AT VIEW OF THE LANDMARK SUGARLOAF MOUNTAIN FROM WINDOW
  • Embargoed: 26th August 2017 00:28
  • Keywords: Brazil Brazil-based Repsol Sinopec oil and gas output Petroleo Brasileiro Reuters Summit
  • Location: RIO DE JANEIRO, BRAZIL
  • City: RIO DE JANEIRO, BRAZIL
  • Country: Brazil
  • Topics: Commodities Markets,Economic Events
  • Reuters ID: LVA0016TPRTQB
  • Aspect Ratio: 16:9
  • Story Text:Brazil-based Repsol Sinopec expects oil and gas output to remain steady at an average of 90,000 to 100,000 barrels of oil equivalent per day through 2020, the firm's chief executive told Reuters as part of the Reuters Latin American Investment Summit.
    In an interview on Friday (August 11), CEO Leonardo Junqueira said the firm, a joint venture between Spain's Repsol and China's Sinopec, would not bid in a September oil block auction, as it focuses on exploiting its current assets in Brazil.
    Repsol Sinopec, Brazil's third largest producer behind state-controlled Petroleo Brasileiro and Shell, produced nearly 99,000 boe per day on average in June, government data shows.
    One of Repsol Sinopec's key assets is its 35 percent stake in the BM-C-33 block in the pre-salt Campos basin, which includes the promising Pao de Acucar prospect.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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