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The
completion of a fast and efficient integration between Repsol and
YPF.
-
A
25% reduction of the company�s finding cost, relative to the 1998
" pro forma " level taking it to 1.26 US$/Boe.
-
A
reduction of lifting costs by 4.6%, taking it to 2.40% US$/Boe.
-
A
reserve replacement rate of over 200%, with the addition of 784 MMBoe,
including discoveries, extensions and improvements, as opposed to the
380 MMBoe produced.
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Strengthening
of the Repsol YPF presence in areas such as Argentina, Algeria,
Bolivia, Egypt and Libya where the company has a high potential
mineral property, with a low lifting cost and close to our consumer
markets.
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