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February 08, 2016 8:42 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Compañía Española de Petróleos, S.A.U.

Company Overview

Compañía Española de Petróleos, S.A.U. operates as an integrated energy company worldwide. It engages in the exploration, development, and production of crude oil and natural gas in onshore and offshore oilfields in Algeria, Colombia, Peru, Brazil, Spain, Suriname, Thailand, Malaysia, Kenya, and Liberia, as well as in the United Arab Emirates; refining and production of oil products, such as diesel, gasoline, fuel-oil, kerosene, liquefied petroleum gas (LPG), and other products; and marketing of motor and other fuels, LPG, marine and aviation fuels, asphalts, and lubricants through sales channels, as well as through a network of agents and distributors. The company operates a network of appr...

Cepsa Tower

Paseo de la Castellana, 259 A

Madrid,  28046


Founded in 1929

10,804 Employees


34 91 337 60 00

Key Executives for Compañía Española de Petróleos, S.A.U.

Chief Executive Officer, Vice Chairman, Chairman of Management Committee, Chairman of Ethics Committee, Chairman of Investments Committee, Chairman of Risks Committee and Member of Executive Committee
Chief Financial Officer, Member of Management Committee, Member of Ethics Committee, Member of Investments Committee and Member of Risks Committee
Chief Operating Officer
Deputy Chief Operations Officer
Vice President of Technology
Compensation as of Fiscal Year 2015.

Compañía Española de Petróleos, S.A.U. Key Developments

Cepsa Announces Earnings and Production Results for the First Nine Months Ended September 2015

Cepsa announced earnings and production results for the first nine months ended September 2015. For the nine months, the company’s net profit in the first nine months of 2015, on a clean current cost of supplies basis which calculates inventory valuation at replacement cost and excludes special items, was EUR 453 million, 64% higher than earnings of EUR 277 for the same period last year. Capital expenditure from January-September was EUR 744 million. For the nine months, the company’s crude oil production of 107,800 barrels per day, up 1.3% year-on-year. 116.4 million barrels of refinery throughput, with 15.6 million tons of petroleum products manufactured.

CEPSA Builds Alcohol Facility in Joint Venture with Sinar Mas

CEPSA is building a 150,000 tonne/year fatty alcohol facility in a joint venture with Sinar Mas. The plant should come on line in late 2016 or early 2017. CEPSA is building the unit in Dumai, a city in Riau province on the island of Sumatra, Indonesia.

Compania Espanola de Petroleos, S.A.U Launches Three New Marine Lubricants for Two-Stroke Crosshead Engines

Compania Espanola de Petroleos, S.A.U has launched three new marine lubricants designed for slow-speed two-stroke crosshead engines used in large ships. Cepsa's development of the new GAVIA 7050, GAVIA 2550 and CICONIA 30 products for slow-speed two-stroke crosshead engines, was aimed at providing ship owners with the right choice of lubricants both technically and economically. These new lubricants come at a time when there are new fuel qualities available and ships must change fuel and lubricants depending on the voyage they are undertaking. The products allow engines to adapt to new legislation that aims to improve the control over emissions. International authorities such as the International Marine Organization (IMO) and MARPOL (Marine Pollution) have set regulations lowering the amount of sulphur used in Heavy Fuel Oils used in marine fuels by ships to 0.1% within Sulphur Emission Control Areas (SECA). The new lubricants allow engines to produce power more effectively with lower fuel consumption ratios. The three products are made using high quality base oils and specific additives that provide a high heat resistance, as well as better protection against corrosion generated by sulphur in the fuel, high temperatures and the pressures of today's engines. As such, demands for high durability are guaranteed in these lubricants. CEPSA GAVIA 7050 is a lubricant aimed at engines that use a fuel with a sulphur content between 1% and 3.5%. CEPSA GAVIA 2550 is aimed at ships navigating in SECA zones that require fuels with a maximum of 0.1% sulphur. Both products have a viscosity level of SAE 50, and are manufactured using the high quality refined base fuels that produce a tougher wearing film of lubricant on the surfaces where they are working. Lastly, CEPSA CICONIA 30, is designed to lubricate the range of two-stroke engines. It has a viscosity of SAE 30, which is suitable for lubricating and cooling bearings. Its high level of balanced detergency also allows it to neutralize the acid components that can reach the system from the cylinders, protecting the system against corrosion. All of Cepsa's products for slow-speed crosshead engines are supported by the main marine motor manufacturers such as MAN and Wartsila, and have been tested in a diverse range of ships with optimal results both in lubricant performance as well as engine protection. That strengthens the continual work by the R&D team to achieve technologically advanced solutions that guarantee its use in engines.

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