Repsol.

• Author: Slaten, Russ
• Position: INSIDE ALASKA BUSINESS - Exploration of petroleum by Repsol - Brief article

Spanish company Repsol and its partners announced the successful completion of a joint exploratory drilling operation in the Colville River delta this winter, an effort that began in 2012. Repsol operates the consortium and holds a 70 percent interest; 70 & 148 LLC, a subsidiary of Denver-based Armstrong Oil & Gas, holds a 22.5 percent stake; and GMT Exploration Company has 7.5 percent. The activity to date has resulted in the discovery of several oil fields on the North Slope. All sixteen drilled wells have found hydrocarbons, most with...