Repsol makes significant discovery in deepwater Gulf of Mexico

Repsol makes significant discovery in deepwater Gulf of Mexico

MADRID, Spain -- Repsol has announced a discovery of high-quality oil in the U.S. Gulf of Mexico. The discovery was made in an ultra-deepwater well named Leon, 352 km from the Louisiana coast, located in the Keathley Canyon 642 block.

Repsol is the operator of the discovering consortium. The well found more than 150 m of net oil pay within a column of over 400 m. The well was drilled in water 1,865 m deep, and reached a total depth of 9,684 m, making it one of the deepest wells operated by the company. Repsol has a 60% participation in the license; Colombia's Ecopetrol holds the remaining 40%. The company is also active in the deepwater Kaleidoscope and Sherlock projects.

The U.S. Gulf of Mexico is amongst the world’s most profitable and promising deepwater plays. Repsol holds 119 blocks in this prolific area, together with a share in the Shenzi field, which boasts 16 wells in production connected to two platforms.

In 2009, Repsol made one of the discoveries in this region. The Buckskin well, 50 km from León, was, like the Leon discovery, one of the deepest wells operated by the company. The resource potential being carried out will lead to a development plan for this and other fields in the near future.