Repsol finds enough gas in Trinidad and Tobago to fuel Spain for two years
Repsol finds enough gas in Trinidad and Tobago to fuel Spain for two years
SPANISH fuel giant Repsol has uncovered a source of gas large enough to supply the whole of Spain for two years – its biggest discovery since 2012 when it struck liquid gold in the Sagari oil field in Perú.
This time, the two billion cubic feet (TCF) of gas has been discovered at Repsol's platform in Trinidad and Tobago, and is the largest found in the country in more than a decade.
Repsol has found two gas wells, named Savannah and Macadamia, as part of its ongoing exploitation from the offshore rig in Trinidad and Tobago.
The company owns a 30% holding in the main fuel consortium, bpTT, whilst the remaining 70% belongs to BP.
The fuel source is even greater than Repsol's last major find in Perú when, working alongside Brazilian petroleum company Petrobras, it found somewhere between one and two TCF.
Trinidad and Tobago is one of the most oil-rich production countries in the world after the USA, where Repsol also found a major source in March.
They found the fossil fuel wells in Alaska, where it works in partnership with Armstrong Energy.
With the latest find, Repsol has uncovered 47 sources of hydrocarburates in the last 10 years, including eight of the world's largest.
