Sign Up for FREE Daily Energy News
 
BREAKING NEWS:
Hazloc Heaters
WEC - Western Engineered Containment
Copper Tip Energy Services
Copper Tip Energy
WEC - Western Engineered Containment
Hazloc Heaters

Spain’s Repsol makes big gas find in Caribbean


MADRID — Spanish energy company Repsol and London-based BP say they have found a gas field in the Caribbean containing an estimated two trillion cubic feet of natural gas — equivalent to two years of Spanish demand.

Repsol says it is the largest volume of gas it has discovered in the last five years and the most significant in a decade for Trinidad and Tobago. Repsol holds a 30 per cent stake in the exploration consortium, with the rest held by BP.

A Repsol statement Monday says drilling is expected to begin in the second half of next year.

The company says about 65 per cent of its production and 75 per cent of its reserves are gas, a key fuel in the transition to a low-carbon economy.

The Associated Press



Share This:



More News Articles


New SHOWCASE Directory Companies

 

Alliance Borealis Canada Corp.
U of C Executive Education
Kicker Video
Millennium Directional
John Brooks
DRYAIR Manufacturing Corp.
RAE Engineering
Stress Engineering