Repsol makes a new high quality oil discovery in Libya
Press Release21/10/2013 18:00
The discovering well, drilled to a depth of 1,836 metres, found light high quality oil (40º API) with very positive results from first tests.
This is the third of eight wells that will be drilled in NC115, a block which has shown excellent reservoir qualities.
Following the positive results, Repsol will continue with the exploratory campaign which begun in 2013 and is expected to continue through the end of 2015.
Exploration is one of the key pillars of Repsol’s growth strategy, supported by the company’s specialists and by cutting edge technology.
In 2013, Repsol has already made other valuable oil discoveries, in Brazil, Alaska (U.S.) and Russia, and has brought online production from new fields in Brazil, Russia, Oklahoma (U.S.) and Bolivia.