- Repsol has discovered hydrocarbons in its TB14 well in the TSP block offshore Trinidad and Tobago, east of the Island of Trinidad.
- This discovery, made outside of the existing extension of the Teak field, has an estimated 40 million barrels of oil in place.
- The TB14 well has produced 1,200 barrels of oil a day of good quality crude in testing and is in commercial production.
- The find adds to the successful completion of the TB13 development well, which began producing in May.
- The company has for the last three years beaten its own resource addition targets, outlined in its 2012-2016 strategic plan.