Repsol’s Canadian Exploration & Production interests in Alberta are focused on liquids and gas assets in the Greater Edson area, including liquids-rich gas assets in the Duvernay play, and conventional heavy oil assets in the Chauvin area.
Over the past three years the Company invested approximately $82 million on the development and production of its Canadian assets. In 2019, the average daily production was 57.8 kboe/d. With approximately 830,000 net acres of land in Western Canada, Repsol is a key player in the Canadian oil and gas industry. The Company’s operations include four operated gas plants in the Edson area and an oil treatment facility in Chauvin.
Chauvin
With more than 50 years of development, Chauvin is considered one of the Company’s foundational heavy oil assets. Repsol has a land base of approximately 104,000 net acres with approximately 1,800 km of pipelines and 21 operated facilities in the area. By applying horizontal technologies to reservoirs that were historically developed with vertical drilling, we now have a drilling inventory of hundreds of low-risk wells to keep a stable activity going in this region for many more years.
Greater Edson
In this leading North American liquids-rich gas play, Repsol has a large, contiguous land base of over 556,000 net acres. Repsol retains a significant competitive advantage in the Edson area through a well-developed midstream business that consists of approximately 2,700 km of pipelines and four processing plants, including the Edson Gas Plant, which is central and accessible to our development opportunities.
South Duvernay
The Duvernay is an emerging liquids-rich play in Alberta in which the Company is in the early stages of a development program. With approximately 170,000 net acres across the Duvernay, Repsol has one of the largest land positions in the play. Repsol views the Duvernay as an asset with a significant recoverable prospective resource and tremendous growth potential.