Repsol makes three oil discoveries in Alaska

During the winter exploration campaign in an oil-rich area
The three wells drilled during the recently completed exploratory campaign found crude oil at different depths.
The initial production tests carried out on two of the wells yielded encouraging results for future development.
Repsol operates the discovering consortium with a 70% stake, in association with 70 & 48 LLC, a subsidiary of Armstrong Oil and Gas, (22.5%) and GMT Exploration Company (7.5%).
Assessment and exploration work will continue during the 2013-2014 winter campaign.
Alaska’s North Slope is an especially promising area for Repsol as it has already shown high oil potential.