Repsol sows seeds for organic growth
From small things, good things grow, says Antonio Brufau. Repsol’s chief discusses the strengths of not-so-big oil
Antonio Brufau adds a third shot of coffee to his double espresso, and takes a sip. Less than an hour earlier, at the World Petroleum Congress (WPC) in Doha, Repsol’s chairman and chief executive called on the industry to craft a new future; one with both frugality and sustainability at its core. His WPC address marked the end of a hectic year for Brufau; this cafecito is well-earned. For Repsol – and for the firm’s head – while 2011 has been eventful, the second half of the year has been especially sweet. Less than two months after Muammar Qadhafi’s ouster, Repsol’s Libyan fields are producing at an average of 170,000 barrels a day, about 60% of their pre-war levels. The firm recently won s
Also in this section
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
