Spain’s Repsol Makes 3rd Oil Find off Sierra Leone
Thursday, 23 February 2012 | 00:00
Spanish oil company Repsol said that the consortium it formed with U.S.-based Anadarko Petroleum and Britain’s Tullow discovered an oil field in the waters off the West African country of Sierra Leone.
Previous finds were made in 2009 and 2010 in the same region, confirming West Africa’s vast potential for energy development, Repsol said.
The oil discovery was made in an area that had not been explored extensively and whose importance has now been confirmed, the Spanish oil company said.
The consortium plans to drill a test well soon to determine the volume and quality of the petroleum in the field, Repsol said.
Repsol has a 25 percent stake in the consortium, while Anadarko has a 55 percent interest and Tullow owns a 20 percent stake.
The companies are drilling in block SL-07B-11.
Source: Latin American Herald Tribune
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