Spain's Repsol Makes Oil Discovery In Trinidad And Tobago
MADRID, July 3 (Reuters) - Repsol has discovered an oil reserve estimated at 40 million barrels of oil equivalent in the waters off the Caribbean islands of Trinidad and Tobago, to the west of the island of Trinidad, the company said in a statement on Thursday.
The reserve has produced 1,200 barrels of high quality oil in tests and is ready for commercial production, the oil major said.
Repsol has been exploring in Trinidad and Tobago for nearly 20 years. It has rights on seven offshore sites in the region. The Spanish company's oil reserves around the islands totalled 325.3 million barrels of oil equivalent at the end of 2013.
(Reporting By Sonya Dowsett; editing by Keiron Henderson)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Sources: Spain's Repsol Hires Tanker For Iran's Pars Oil As Sanctions Loom (Jun 19)
- Total Signs Deal to Extend TFT Gas Field License in Algeria (Jun 11)
- Repsol Asks Vietnam For Compensation After Drilling Project Halted (May 04)