Edition:
India

Repsol Begins Oil Production From The Deep Water Us Buckskin Project


Tuesday, 25 Jun 2019 

June 25 (Reuters) - Repsol SA ::BEGINS OIL PRODUCTION FROM THE DEEP WATER US BUCKSKIN PROJECT.REPSOL AND ITS PARTNERS HAVE ACHIEVED FIRST OIL IN BUCKSKIN, AN ULTRA-DEEP PROJECT LOCATED IN GULF OF MEXICO.SAYS INITIAL OUTPUT IS PROJECTED TO REACH 30,000 BARRELS OF OIL PER DAY.2PROJECT HAS COME ONLINE AHEAD OF SCHEDULE AND WITH A COST REDUCTION OF 60% FROM INITIAL DEVELOPMENT PLANS.IN BUCKSKIN, REPSOL HAS A 22.5% WORKING INTEREST, WHILE LLOG OPERATES THE FIELD WITH A 33.8% INTEREST.