Compañía Española de Petróleos SAU (Cepsa)

Cepsa is an integrated energy company operating at each stage of the oil value chain, with more than 11,000 employees worldwide. Amongst its core activities, Cepsa is engaged in petroleum and natural gas exploration and production, with interest in several blocks across four countries: Spain, Algeria, Colombia and Peru.
The company's main focus for the near future will be on strengthening its position in the sector, and it therefore intends to reinforce its presence in new geographical areas with high development potential, with the aim of achieving a significant increase in net entitlement reserves.

For the development of the company into a major contender in the sector, Cepsa is strengthened by the contribution of IPIC (Abu Dhabi International Petroleum Investment Co.), which in 2011 became the sole shareholder of Cepsa. For that purpose, the company's key strategic drivers are a high level of integration and solid international growth, based on the development in the Upstream business and international expansion in petrochemicals.