The discovery reflects the company’s deep water technical capacity
Repsol makes a significant oil discovery in the United States Gulf of Mexico
Press Release27/10/2014 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.