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Start-up of Increased Water Handling (IWH) project in Ourhoud (Algeria)

Its start-up means an increase in the field s production ca- pacity thanks to higher levels of water treatment and its re-injection in the well.

Full integration of Coastal Energy in Cepsa

Drilling in Kenya

During 2015 we have finished the changes began in 2014 encompassing IT systems, work practices, project man- agement, and human resources.

Drilling the first exploratory well in Kenya in Block 11A and the evaluation of results to increase our reserves.

Start-up of the commercial extraction on 131 block (Peru)

Increase our presence in Abu Dhabi

We have obtained a trading permit which allows produc- tion to continue for another two years as from 2016 and recognises Cepsa s right to the reserves.

To consolidate our relationship with ADNOC and increase Cepsa s presence in the country through the concession of new contracts.

Beginning of works on G5/43 block in Thailand

This year we have carried out the redevelopment of the block in order to offset the natural decline in production in various fields. We have also initiated an exploratory plan in order to verify the extent of reserves.

MILESTONES 2015 CHALLENGES 2016

ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015