Repsol Discovers Oil in Three Alaskan Wells

Spain's Repsol reported Tuesday that it has made three oil discoveries in Alaska as it completes its winter drilling campaign in the North Slope region.

Three wells drilled found crude oil at different depths, the firm said. The Qugruk 1 and Qugruk 6 wells produced two hydrocarbons shows that subsequently generated encouraging results during production tests. In the Qugruk 3 well, hydrocarbons were identified at several levels.  The Q-1, Q-3 and Q-6 wells reached depths of 8,180 feet, 10,545 feet and 8,650 feet respectively.

Repsol said the results are encouraging for the future development of the resources discovered. The firm added that the North Slope of Alaska is an "especially promising area for Repsol" as it has shown itself to be oil rich.

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