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In 1982, the Basque Government set up the Basque Energy Agency, Ente Vasco de la Energía. At the same time, it established the basis for an energy policy based on efficiency, diversification of supply and promotion of renewables. Ente Vasco de la Energía (EVE) works to foster initiatives and projects that will contribute to the development of the Basque energy system, in terms of supply security, competitiveness and sustainability.

In 1983 it created Sociedad de Hidrocarburos de Euskadi (SHESA), which is 100% owned by Ente Vasco de la Energía. The company's activity is essentially restricted to oil and gas exploration and production, primarily in the Basque-Cantabrian Basin, ensuring the technical and environmental quality of all its work.

Exploration is chiefly carried out through exploration licences, in which, Hidrocarburos de Euskadi participates with other companies in the search for new gas and/or oil deposits.

Strategic Objectives

Sociedad de Hidrocarburos de Euskadi seeks to incentivise oil and gas exploration. In doing so, its chief objectives are:

  • To reduce dependency on external supplies of these energy sources, widely used in the Basque Country.
  • To enhance the Basque energy system's resilience to events that might impair normal operation.
  • To increase industry competitiveness as new supply sources emerge.
  • To harness local energy resources and pass on benefits to the Basque industrial fabric.
  • To contribute to the transition to renewable energy, by way of a clean 'bridge' fuel such as natural gas.

Institutional and organisational information Download
FOUNDING DECREE
STATUTES
COMPOSITION OF THE BOARD
SHESA ORGANISATION
ORGANISATION EVE
STAFF
EVE ANNUAL REPORT

 

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