USA: Gulf of Mexico oil find

Repsol has made a significant new oil find in the deepwater area of the Gulf of Mexico, in US waters. The discovery was made in the Buckskin well in Keathley Canyon, 300km offshore Houston. Repsol is the operator of the exploratory work on this new find, where a 100m hydrocarbon column has been discovered that could be even higher at the top of the structure. The well is 10,000m deep in 2000m of water. The consortium, in which Repsol has a 12.5% stake, is made up of Chevron (55%), Maersk Oil America (20%) and Samson Offshore Co. (12.5%). The well indicates the existence of significant light and sweet oil resources. It is adjacent to and of a similar geological structure to the Chevron-operated Jack field.
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