Repsol22 Nov 2018 20:35
Repsol is determined to 'conquer' Alaska. The oil company has managed to make with 12 new blocks in an area close to ball gown Bateau floor, the largest discovery of oil onshore in the United States in the past 30 years. The oil company has been made in mining domain in an area located south of the Colville River, where ConocoPhillips has also made important discoveries.
Oil Search, partner of Repsol, has also acquired four lease agreements. The Spanish oil company thus strengthens its position in one of the area where he has managed a more exploratory success at the auction held this past week, which has also beaten all records of revenue for the State of Alaska.
The oil and Gas Division received 159 offers from companies seeking leases on State lands in North Slope, Beaufort Sea and North Slope Foothills. Goberandor, Bill Walker, said that "pleased especially the continuous work of Repsol E & P showing great interest and we welcome all groups of bidders to the slope North of Alaska".
Chantal Walsh, Director of the Division of oil and Gas, says that "the results were one time stronger than we expected." Continues the trend of Nanushuk delineation will produce great benefits to the State once you begin development "."
In the sale of North Slope, the division received 147 bids in 133 sections for a total of 223,680 acres, with winning deals that exceeded 27.2 billion dollars. The Lagniappe AK company was the highest bidder in 120 contracts. In the sale of the Beaufort Sea, the division received 12 bids in 8 sections totaling 20,270 acres.
Development of ball gown Bateau floor
Repsol is already working on the plan of preliminary development of ball gown Bateau floor, one of the two wells of Nanushuk, which contemplates that production starts from 2021, with a potential of about 120,000 barrels of oil a day, but the oil company will be still the year that vien (e) another probe additional exploratory to delimit the zone more.
The company has a participation of 25% at Horseshoe and 49% in ball gown Bateau floor. Armstrong has the remaining percentage and currently is the operator.
Repsol and its partner Armstrong Energy conducted in Alaska the biggest conventional discovery of hydrocarbons achieved in the past 30 years on United States soil. From the find, called Horseshoe-1 and Horseshoe-1A and wells drilled in the winter campaign of exploration 2016-2017, confirm the formation of Nanushuk as one of the greatest potential for the prolific area of the North Slope of Alaska.
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