Repsol uncovers in Trinidad and Tobago its largest gas volume in five yearsStaff Writer | June 7, 2017
Repsol has uncovered its largest volume of gas of the last five years offshore Trinidad and Tobago, where the find is the most significant in a decade for the country.
Oil exploration Two trillion cubic feet of gas
The discoveries were made in two wells, Savannah and Macadamia, located in the East Block within the Columbus Basin east of the island of Trinidad at a depth of 150 meters.
Repsol holds a 30% stake in the exploration consortium, bpTT, while the rest is held by BP.
After the United States, Trinidad and Tobago is the most important country for Repsol in terms of production. The company produced 101,887 barrels of oil equivalent per day in the country in 2016.
This discovery comes after another made by Repsol in March in Alaska, the largest conventional discovery of hydrocarbons of the last 30 years on U.S .soil.
It is estimated that the contingent resources of the area where the discovery was made, known as Nanushuk, will total approximately 1.2 billion recoverable barrels of light crude oil.
With this discovery, 47 hydrocarbon finds have been made by Repsol in the last 10 years, eight of which were among the largest of the year worldwide at the time. ■