Repsol, the Spanish oil group announced Thursday the discovery of two oil wells in Alaska containing 1.2 billion barrels of oil, “recoverable”, stressing that this “discovery of the largest conventional fuel on US soil during the past thirty years.”

The Apache-oil US group announced on September it had discovered in Texas wells unconventional contains an estimated 3 billion barrels of oil, but this well is not traditional (painting rocks, tar sands, offshore fields ..), the extraction of oil of them requires more complicated techniques and expensive compared with traditional extraction from wells.
The Spanish group said in a statement that the oil discovery “to Repsol and its partner (US) Armstrong Energy” that could bear fruit in the Far alone for the production of “120,000 barrels per day.”

Repsol said that this discovery is the largest since discovered a well Perla in Venezuela in 2009, noting that production from these two wells in two different incidents in the North Slope region in the far north of the North American continent, two places could start in 2021.
Repsol’s share of the new discovery is 49%, while the share of the US partner 51%.

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