Repsol Discovers Oil Offshore at León

Repsol has made a new oil discovery in the U.S. Gulf of Mexico. The company made the find about 218 miles from the Louisiana coast in an ultra-deep water well named León, located in the Keathley Canyon 642 block.

The well found about 492 feet of net oil pay within a column of over 1,312 feet. The well was drilled in water just over one mile deep, and reached a total depth of about six miles, making it one of the deepest wells operated by the company.

Repsol has a 60% participation in the license, with Colombia-based Ecopetrol holding the remaining 40%.