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2021 INTEGRATED MANAGEMENT REPORT

MAIN EXPLORATION AND PRODUCTION ASSETS

· Block 131: 100% operated by Cepsa onshore, located in the Ucayali river basin.

PERU

· Block 53 offshore exploration, located in the Guyana-Suriname river basin. 25% Cepsa, not operated.

SURINAME

· Rhourde el Krouf (RKF) crude oil field. Located in the Berkine river basin. 49% Cepsa. Joint operation, in production. Onshore.

· Ourhoud crude oil field. Located in the Berkine river basin. 37% Cepsa. Joint operation, in production. Onshore.

· BMS crude oil field. Located in the Berkine river basin. 75% Cepsa. Joint operation, in production. Onshore.

· Timimoun crude oil field. Located in Timimoun river basin. 11% Cepsa. Joint operation. Onshore.

In production onshore (crude oil):

· Caracas (70%), located in the Llanos river basin and operated by Cepsa. La Cañada Norte (17%), located in the Upper Magdalena Valley. Not operated by Cepsa.

In exploration and production onshore (crude oil):

· Llanos 22 (55%), located in the Llanos river basin and operated by Cepsa.

ALGERIA COLOMBIA

· Cepsa has a 20% interest in the SARB, UMM LULU, Bin Nasher and Al Battel offshore fields. Not operated, under concession.

· Cepsa has a 13% interest in ADOC through the company CEPAD. Four offshore crude oil fields in production (Uhm Al Anbar, Neewat Al Galan, Mubarraz and Hail), located on the coast of Abu Dhabi. Not operated.

UAE

· Three exploration blocks, 16, 17 and 18: located in the Tampico-Misantla river basin. Not operated by Cepsa (20%). Offshore.

MEXICO