The discovery reflects the company’s deep water technical capacity

Repsol makes a significant oil discovery in the United States Gulf of Mexico

Press Release 27/10/2014 00:00
  • A high quality oil net pay of over 150 metres thick has been discovered.
  • The well, named León, is located 352 kilometres offshore the Louisiana coast in ultra-deep waters in the United States’ Gulf of Mexico.
  • With a total depth of 9,684 metres, it is one of the deepest wells operated by Repsol, which has a 60% stake in this license.
  • The Gulf of Mexico is amongst the world’s most profitable and promising deep water plays. Repsol holds 119 blocks in the area.
  • The United States already represents around 10% of the group’s total production.
  • In 2009 Repsol made one the most important discoveries in this region, Buckskin, 50 km from León, which is in the final stages of evaluation prior to its development.
  • With the León discovery Repsol continues to strengthen its position in the United States, which is one of the company's key strategic areas.

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