Cepsa: New Headquarters, New Company

MADRID, December 9, 2015 /PRNewswire/ --

• Designed by the architect Norman Foster, it is one of the country's most emblematic buildings  
• Cepsa began its transformation process in 2011, following the acquisition of 100% of the company by IPIC  

Cepsa Tower, the company's new corporate headquarters that houses almost 2,000 people, is Spain's second tallest building and represents the materialization of Cepsa's growth and internationalization strategy of in recent years, following the entry of International Petroleum Investment Company (IPIC), as sole shareholder.

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The headquarters, designed by the architect Norman Foster, reflects the transformation of Cepsa's business model to focus on an increasingly international market. Its height, at 248 metres, provides a unique view of Madrid from its upper floors, taking in some of the city's most emblematic locations such as the Paseo de la Castellana, the Parque del Retiro and the Santiago Bernabéu stadium.

Cepsa today operates an integrated business model spanning the entire hydrocarbon value chain. This integration allows the company to act with greater flexibility and the ability to respond quickly as a business.

Transformation of our working models  

As a result of this transformation process, Cepsa has established new ways of working based on innovation and improvements in productivity.

The new working model includes providing Cepsa's employees with the latest technology, allowing them to perform their work digitally from any place in the office and prioritise productivity over presence via flexible schedules and remote working, the implementation of common processes, optimization of space, etc.

This new way of working has already been installed at our Barcelona offices and the Shanghai petrochemical plant inaugurated in April, and it will spread progressively throughout the rest of the company's centers and plants, for example in Lisbon.

Cepsa is an energy group fully owned by the International Petroleum Investment Company (IPIC). It employs more than 10,500 people and operates at every stage of the hydrocarbon value chain. It is engaged in petroleum and natural gas exploration and production activities, refining, transport and sale of crude oil and natural gas derivatives, biofuels, co-generation and electricity sales. Cepsa has developed a world-class chemicals division that is tightly integrated with its oil refining segment, where feedstock is manufactured and sold for the production of components with high value-added, chiefly used in making new-generation plastics and biodegradable detergents. It has a prominent position in Spain and, through the continuing international expansion of its business, it also operates in 15 countries, marketing its products all over the world.

Cepsa - Communication Division
comunicacion@cepsa.com
Tel: +(34)-91-337-62-02 / 60-00
http://www.cepsa.com

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