Repsol begins oil production in the deepwater U.S. Buckskin project
Press Release25/06/2019 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.