During the 2014-2015 winter exploration campaign in an oil-rich area
Repsol completes successful testing at two oil wells in Alaska
Press Release02/06/2015 20:30
The wells successfully drilled and tested during the latest exploratory campaign add to encouraging results from previous campaigns that indicate an area of significant potential.
Production tests yielded good quality crude from wells which have encountered multiple pay areas.
Alaska’s North Slope is an especially promising area for Repsol as it has already shown high oil potential.
Repsol operates the discovering consortium with a 70% stake, in association with 70 & 48 LLC, a subsidiary of Armstrong Oil and Gas, (22.5%) and GMT Exploration Company (7.5%).