We are commited to the development of new, low-emissions
Find about our presence in the Asia Pacific Region
Repsol Lubricants has been present in the region for over 25 years and our sales have been growing steadily at a rate above 15% for the past 10 years. This means more and happier customers.
Nowadays, Repsol lubricants are produced in 5 countries in the region (and imported from Repsol´s plant in Puertollano, Spain), and commercialized in 13 countries. A comprehensive portfolio of engine oils, as well as industrial oils, is on offer, together with Repol´s technical expertise to support our customers wherever it´s needed.
In 2019, Repsol acquired a 40% stake in Singapore’s United Oil Company with the aim to boost its regional presence. The plan includes investments to optimize the production, and a strengthening of the distributor network in some key countries.
What can you expect when you chose Repsol Lubricants
When you chose Repsol lubricants, you get a product that has been developed by the same team that develops and tests the racing lubricants and fuels used in Moto GP. You get lubricants that are put to the test in the most demanding conditions, like the Dakar, and exceed expectations no matter the environment, no matter the challenge. You get lubricants trusted by some of the top industries worldwide.
It is our commitment to give you the best possible solutions, to make your ride safer and more comfortable, to keep your car´s engine clean and safe from wear, to give you peace of mind knowing your equipment is well protected.
Oil & Gas Trading
Optimizing the supply and marketing of positions in international markets
Our operations consist of the supply of crude oil and products for Refining systems and other needs, the marketing of crude oil and our own products, their maritime transport, and the management of product coverage in the financial derivatives markets.
Derivatives and Risk Management
At Bunker, we guarantee you a top-quality, efficient, and flexible delivery. That’s how all deliveries should be.
If you’d like to set a fixed purchase price, you can. That way you’ll know exactly how much you’re spending on fuel.
At Vetting, we guarantee the quality and safety of your vessel and crew, and we take every measure to protect the environment.
Repsol Chemicals, helping improve your daily life
If you look around, you’ll find our products in just about anything you can think of that’s aimed to improve people’s quality of life, well-being, and safety. Our chemical products can be found in almost all industry segments.
Our Activity in the Region
Repsol has been active in China through our Chemicals business since 1999. We are stakeholders in Dynasol, a leader in the international synthetic rubber market and also a global producer, with plants in Europe, Asia, and the Americas.
We work together with the Mexican group KUO. In 2015, Repsol reached an agreement to extend our alliance with Dynasol. We began supplying through our chemical accelerators and specialized products business while the KUO group did the same with its synthetic rubber emulsion and nitrile rubber businesses.
That very same year, Dynasol opened two new plants in China, both 50:50 joint venture partnerships with Shanxi Northern Xing’an Chemical Industry and Jiangsu GPRO Group. These new plants have an installed capacity of 100,000 tons/year of styrene butadiene-based synthetic rubber and 30,000 tons/year of nitrile rubber. The plants are located in Liaoning and Jiangsu provinces, respectively.
The Repsol brand in China
The adaptation of the Repsol brand to the context of China reaffirms Asia’s role as one of our key areas of growth. The need to adapt our brand to Asian markets comes as part of the expansion of our Lubricants business, now present in over 90 countries, and the various agreements which our Chemicals business has reached with Chinese companies. Thus, Repsol in Chinese becomes Rui Shuo Neng Yuan, which translates as: “an intelligent energy company, capable of anticipating the future with a positive spirit.”
We have a balanced asset portfolio, which we manage efficiently thanks to technology and our talented team of professionals.
Our Activity in Indonesia
We are present in Indonesia through our Upstream business with mineral rights to six blocks and having made one of the ten largest hydrocarbon discoveries in the world in the last twelve months. Moreover, we have been producing and distributing lubricants across the country for 20 years. Thanks to our sales growth, Indonesia has become the third largest market for our lubricants in the world.
Sakakemang: The largest gas discovery
In the Sakakemang block, which is located in the south of the island of Sumatra, we have made the largest gas discovery in Indonesia in the past 18 years and one of the 10 largest hydrocarbon discoveries worldwide in the past twelve months. The well KBD-2X has an estimated 2 trillion cubic feet (TCF) of recoverable resources, and we are the operator with a 45% stake.
Corridor: One of the most important assets
In May 2015, we incorporated this field into the Company’s portfolio of productive assets. It is a non-operated block in which we have a 36% stake. Most of the natural gas produced in the Corridor block is sold through long-term sales agreements with PT Chevron Pacific Indonesia, Gas Supply Pte. Ltd., and PT Perusahaan Gas Negara. In the first half of 2015, an extension of the sales contract for gas from this block was agreed with COPI (Conoco Phillips Indonesia).
Three development wells were completed in the Corridor block: one in the Sumpal field and two in the Suban field. Two of these wells (Sumpal-8 and Suban-16) began production in 2018, and the third (Suban-18) will be connected at the end of the first quarter of 2019. In 2018, the Compression project in the Suban field was over 80% complete, and start-up is scheduled for the second half of 2019.