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Following a new find in Venezuela’s largest gas field

Repsol increases by at least 30% its reserves estimate in the Perla Field

Press Release 12/04/2010 16:39
  • The new find in the Perla 2X well, in the Gulf of Venezuela, has increased by 30% the reserves estimate for Repsol’s biggest ever gas discovery.
  • The discovering consortium is jointly operated by Repsol and Eni with a 50% stake each.
  • Repsol continues its record exploratory campaign, adding to the growing trend of reserves incorporation which will allow the company’s upstream unit (exploration and production) to reach its goal of a 125% reserve replacement ratio in 2012.
  • The field may contain recoverable gas volumes of between 1.6 and 1.85 billion barrels of oil equivalent, (enough to fulfil Spain’s gas demand for seven years). 

12 April 2010 - 09:00 CEST | PDF | 61.78 KB