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The new find increases the available resources and extends the life of the TSP block

Repsol makes oil discovery in Trinidad and Tobago

Press Release 03/07/2014 00:00
  • Repsol has discovered hydrocarbons in its TB14 well in the TSP block offshore Trinidad and Tobago, east of the Island of Trinidad.
  • This discovery, made outside of the existing extension of the Teak field, has an estimated 40 million barrels of oil in place.
  • The TB14 well has produced 1,200 barrels of oil a day of good quality crude in testing and is in commercial production.
  • The find adds to the successful completion of the TB13 development well, which began producing in May.
  • The company has for the last three years beaten its own resource addition targets, outlined in its 2012-2016 strategic plan.

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