Pre-drill estimate put Leon’s resources at between 112 million and 180 million barrels of oil equivalent. Repsol is the operator of block 686 and holds a 60-percent stake, with Colombia’s state-owned Ecopetrol owning the remaining 40 percent.
The move follows the success of the Leon discovery well, drilled in 2014, that hit 150 metres of net pay with a 400-metre column in both upper and lower Wilcox sands. The ultra-deepwater well was drilled in 1,865 metres of water to reach a total depth of 9,684 metres. The Leon appraisal well is targeted for a depth of 9,450 metres.
Repsol has contracted the Rowan Renaissance through April 2017, at an initial reduced daily rate of $620,000 for the first year, and $630,000 for the second. Those rates apply only to the US Gulf. If the drillship moves elsewhere, the rates will go up to $650,000 and $660,000, respectively.
Repsol has indicated that once the Rowan Renaissance completes the appraisal well, it will be used to explore the company’s other assets in the US Gulf. Repsol’s portfolio in the area include Wilcox prospects Mollerusa in Walker Ridge and Salvatori in Keathley Canyon.
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More
This website uses cookies.