Repsol Sinopec Brazil

What Repsol Sinopec Brazil does

Repsol Sinopec Brasil is a private Brazilian upstream oil and gas exploration and production company, founded in 1997 as a joint venture between Repsol (Spain) and Sinopec (China) and operating as part of Grupo Repsol. The company was a pioneer in opening Brazil's pre-salt market and currently produces from the Sapinhoá, Lapa, and Albacora Leste fields, positioning it among the country's largest oil and gas producers. Its portfolio is anchored by consortium stakes in two flagship pre-salt projects: a 35% interest in the Equinor-operated Raia gas project (Campos Basin, ~$9 billion total investment, recoverable reserves exceeding 1 billion barrels of oil equivalent, first production expected 2028) and a 25% interest in the TotalEnergies-operated Lapa field in the Santos Basin, including the Lapa South-West expansion that added 25,000 barrels per day from three new wells in March 2026.

The company's core business is upstream hydrocarbon production, sold through long-term commodity offtake agreements to refineries and gas distributors at international benchmark pricing (Brent crude and Henry Hub natural gas). Beyond production, Repsol Sinopec Brasil is investing in low-carbon technology, including the DAC 5000 Direct Air Capture pilot (Latin America's first, targeting up to 5,000 tonnes of CO2 removal per year), the CO2CHEM renewable fuel-from-CO2 program, and a digital twin for DAC operations developed with Radix and the Pontifical Catholic University of Rio Grande do Sul (PUCRS). Its distribution model is purely B2B via offtake agreements rather than direct end-consumer sales, and the customer base is the domestic Brazilian energy market supplied under established oil and gas commercial frameworks. The go-to-market is enterprise field sales through joint ventures and partnerships with major international operators rather than direct-to-market sales.

Name

Repsol Sinopec Brazil

Legal name

Repsol Sinopec Brasil

Website

https://repsolsinopec.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

Repsol Sinopec Brasil is a private Brazilian upstream oil and gas producer (Repsol–Sinopec joint venture) operating pre-salt fields Sapinhoá, Lapa, and Albacora Leste, with consortium stakes in the Raia gas project and Lapa South-West expansion supplying the domestic Brazilian energy market via offtake agreements.

Ownership category

akta.pro rank

Headquarters

HQ city

Botafogo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Technology or R&D, Personnel

Revenue model

1. Oil and Gas Production: Revenue generated from exploration and production of oil and gas from pre-salt fields including Sapinhoá, Lapa, and Albacora Leste. Production is sold through commodity offtake agreements.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Repsol Sinopec Brasil is an upstream oil and gas exploration and production company operating in Brazil's pre-salt basins, with producing assets at the Sapinhoá, Lapa, and Albacora Leste fields. The company also participates in major joint-venture development projects including the Raia pre-salt gas project (35% stake with Equinor and Petrobras) and the Lapa field (25% stake with TotalEnergies and Shell). Beyond hydrocarbons, the company is pioneering decarbonization initiatives such as the DAC 5000 Direct Air Capture project and the CO2CHEM renewable fuel program.

Product overview

Repsol Sinopec Brasil operates as an upstream oil and gas exploration and production company focused on Brazil's pre-salt basins. The company manages a portfolio of producing fields (Sapinhoá, Lapa, Albacora Leste) and is pioneering low-carbon initiatives including the DAC 5000 Direct Air Capture project and the CO2CHEM renewable fuel production program. The company also participates in major joint ventures including the Raia gas project (with Equinor and Petrobras) and the Lapa South-West field (with TotalEnergies and Shell).

Differentiator

Problem solved

Functional benefit

Products and services

• Upstream Oil and Gas Production (Sapinhoá, Lapa, Albacora Leste fields) Exploration, development, and production of crude oil and natural gas from three offshore pre-salt fields in Brazil, sold via offtake agreements to refiners and gas distributors.
• Natural Gas Production

Quantifiable outcome

• 15,000 tonnes CO2 capture per year (first DAC unit)
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and flagship.

• RadixcoreTechnology or Integration · 20 May 2026Partnership with Radix to develop a digital twin for a Direct Air Capture (DAC) unit in Porto Alegre, Brazil. The project aims to create a real-time virtual model to monitor, simulate, and optimize DAC system operations capable of capturing 15 tonnes of CO2 annually.
• Pontifical Catholic University of Rio Grande do Sul (PUCRS)coreStrategic or Co-development Partner · 20 May 2026Partnership with PUCRS university to develop digital twin technology for Direct Air Capture unit. Academic collaboration for research and development of carbon capture technology.
• EquinorflagshipStrategic or Co-development Partner · 25 March 202635% partnership stake in Raia pre-salt gas project in Campos Basin. Equinor operates with 35% stake. Project represents $9 billion investment with recoverable reserves exceeding 1 billion barrels of oil equivalent. First production expected 2028.
• PetrobrasflagshipStrategic or Co-development Partner · 25 March 202630% partnership stake in Raia pre-salt gas project. Partner in major Brazilian gas development alongside Equinor and Repsol Sinopec Brasil.
• TotalEnergiescoreStrategic or Co-development Partner · 12 March 202625% stake in Lapa field alongside TotalEnergies (48%, operator) and Shell (27%). Lapa South-West expansion added three wells increasing output by 25,000 barrels per day.
• ShellcoreStrategic or Co-development Partner · 12 March 202627% stake in Lapa field alongside TotalEnergies and Repsol Sinopec Brasil.
• UNESCOcoreStrategic or Co-development PartnerPartnership with UNESCO for Ecos do Amanhã project promoting ocean education, environmental restoration, and valuation of Atlantic Forest natural and cultural heritage.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Petrobras: Brazil's national oil company and dominant pre-salt operator; direct partner with Repsol Sinopec in the Raia project (30% stake). Operates the same pre-salt basins and is the most directly comparable Brazilian upstream peer in scale and asset base.
• 3R Petroleum: Brazilian upstream company that acquired multiple Petrobras assets and pursues an onshore/offshore production growth strategy. Comparable as a Brazil-dedicated upstream operator with overlapping asset-class exposure and a growth-by-acquisition model.
• Equinor: Norwegian international energy company and operator of the Raia pre-salt project with 35% stake. Closely aligned with Repsol Sinopec on the same asset, and a global leader in upstream + CCS/DAC decarbonization strategy that mirrors Repsol Sinopec's dual-track approach.
• Enauta Participações: Independent Brazilian oil and gas producer with offshore producing assets in the Campos Basin (Atlanta, Oliva fields). Directly comparable as a Brazilian upstream peer operating in similar basins with a similar scale and listed-equity profile.
• Galp Energia: Portuguese integrated energy company with significant Brazilian pre-salt upstream exposure (Mero, Bacalhau fields) and a parallel energy transition strategy including renewables and biofuels. Comparable as a mid-large international upstream player with deep Brazil operations.
• Shell: British supermajor holding 27% in the Lapa field alongside Repsol Sinopec and TotalEnergies. Comparable as a global integrated energy major with active Brazilian upstream operations and aggressive carbon capture / decarbonization investments globally.
• PetroRio: Brazil's largest independent oil and gas producer focused on acquiring and redeveloping mature offshore fields. Comparable as a Brazil-focused upstream operator competing for talent, capital, and government attention in the same regulatory environment.
• TotalEnergies: French supermajor and operator of the Lapa field with 48% stake, directly partnered with Repsol Sinopec. Comparable as a global integrated oil major with deep pre-salt Brazil footprint and a stated strategy of integrating CCS and decarbonization into its upstream portfolio.

Emerging players

• Eneva: Brazilian integrated energy company combining onshore gas-to-power with carbon capture and storage (CCS) initiatives. Comparable as an emerging Brazilian player pairing hydrocarbons with CCS technology, intersecting with Repsol Sinopec's DAC and decarbonization strategy.

Broad incumbents

• BP: British supermajor with active Brazilian exploration interests and a globally aggressive energy transition and bioenergy / carbon capture strategy. Comparable as a broad incumbent pursuing both upstream production growth and decarbonization at portfolio scale.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/RepsolSinopec
• Facebookfacebook.com/repsolsinopec

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Repsol Sinopec Brazil