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Repsol discovers its largest volume of gas in the last five years in Trinidad and Tobago

05/06/2017
  • These are two wells, called Savannah and Macadamia, which have been completed successfully by Repsol and its partner BP, and which add resources of 2 trillion cubic feet of gas (2 TCF, in its acronym in English).
  • It is the largest volume of gas discovered by Repsol in the last five years and the largest in Trinidad and Tobago in the last decade.
  • After the United States, Trinidad and Tobago is the most important country in terms of net production for Repsol, with 101,887 barrels of oil equivalent per day in 2016.

Repsol has discovered in Trinidad and Tobago its largest volume of gas in the last five years. It is also the largest gas discovery in that country in the last decade. The company estimates resources of about 2 trillion cubic feet of gas (2 TCF, in its acronym in English), which is equivalent to two years of gas consumption in Spain.

The discovery has been made in two wells, called Savannah and Macadamia, located in East Block, a block located within the Columbus basin, east of the island of Trinidad, in a sheet of water of about 150 meters.

Repsol participates with 30% in the discoverer consortium, bpTT, while the rest belongs to BP.

After the United States, Trinidad and Tobago is the most important country in terms of production for Repsol. The company produced 101,887 barrels of oil equivalent per day in 2016 in this country.

This finding is in addition to that made by Repsol last March in Alaska, the largest conventional discovery of hydrocarbons achieved in the last 30 years on US soil. The contingent resources of the formation where the discovery was made, called Nanushuk, could reach 1.2 billion recoverable barrels of light crude.

With this discovery, there are already 47 hydrocarbon discoveries obtained by Repsol in the last ten years, including eight of the largest worldwide in its year.

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