Repsol confirms Venezuela's Perla 1X well as its largest ever gas find
Press Release16/10/2009 15:26
Initial tests in the Perla 1X well indicate the structure contains recoverable gas reserves of between 1 and 1.4 billion barrels of oil equivalent.
The gas discovery is the biggest ever made in Venezuela and is the fifth largest hydrocarbons find worldwide in 2009.
Repsol is the co-operator of the discovering consortium, with a 50% stake.
Repsol’s exploration unit continues its rising tendency in incorporating new resources, in line with the goal of reaching a 125% reserve replacement ratio in 2012.
In 2009, Repsol has made significant oil and gas finds in Latin America, North America, Africa and Europe.