Milestones in efficiency

Repsol begins oil production in the deepwater U.S. Buckskin project

Press Release 25/06/2019 07:20
  • Repsol and its partners have achieved first oil in Buckskin, an ultra-deep project located in approximately 6,800 feet (2,073 meters) of water in the Gulf of Mexico. Initial output is projected to reach 30,000 barrels of oil per day.
  • Originally planned for late 2019, the project has come online ahead of schedule and with a cost reduction of 60% from initial development plans.
  • Buckskin stands as an example of lean operation thanks to an optimized development plan based on technology, efficiency measures and synergies with partners.
  • In Buckskin, Repsol has a 22.5% working interest, while LLOG operates the field with a 33.8% interest.

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