Repsol Hits Offshore Gabon

Monday, April 23, 2018

Repsol made a discovery while drilling in Gabon. The company encountered oil while drilling the Ivela-1 exploration well offshore the West African country.

The Ivela-1 exploration well is located in the Lower Congo Basin, in Luna Muetse (E13) Block. Repsol is the operator of the offshore block with a 60% interest and Australia’s Woodside is its partner with the remaining 40% interest.

Repsol started drilling the Ivela-1 well at the end of January 2018 using the Seadrill-owned West Capella drillship. Woodside said on Wednesday that the well intersected a 78-meter gross oil column and the assessment is ongoing.

The well was completed during Q1.

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