Repsol claims its Pearl discovery offshore Venezuela could be the country’s largest gas find to date, with reserves estimated at 7-8 tcf.
Offshore staff
MADRID, Spain -- Repsol claims its Pearl discovery offshore Venezuela could be the country’s largest gas find to date, with reserves estimated at 7-8 tcf.
The company drilled the Pearl-1 well in partnership with Eni in the Gulf of Venezuela in a water depth of 60 m (197 ft). Initial analysis suggests a reservoir 33 sq km (12.7 sq mi) in area and 240-m (787-ft) thick, although this data may change following the conclusion of the current well test.
Assuming the field moves forward to development, PDVSA will have a 35% stake with Repsol and Eni each retaining 32.5%.
