Monday, February 17, 2020
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Black gold

SPANISH energy giant Repsol is part of a consortium that has discovered a massive oil field in Alaska. The onshore…

By Weekender Online , in Spain World News , at March 13, 2017 Tags: , , , , , ,

SPANISH energy giant Repsol is part of a consortium that has discovered a massive oil field in Alaska. The onshore field has reserves estimated at well over a billion barrels of crude oil – equivalent to Spain’s total oil consumption for four years. Repsol is one of the two major players in the consortium, along with American firm Armstrong Energy, and has been involved in oil exploration in Alaska for nine years. They are hoping to begin drilling for the oil in 2021, depending partly on the political landscape in the US.