BME:REPOil and Gas
Repsol (BME:REP) Stock Could Be 11.3% Undervalued After Libya Offshore Deal
Repsol stock in focus after Libya offshore exploration deal
Repsol (BME:REP) is back on investors’ radar after signing a production sharing agreement with MOL Group and Türkiye Petrolleri A.O. to explore the offshore O7 block in Libya’s Mediterranean waters.
Acting as operator with a 40% stake, Repsol plans seismic surveys and one exploration well. This adds a fresh upstream project to a business that spans exploration, refining, low carbon power generation and customer energy services.
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