Repsol-YPF makes oil find off Spain

Repsol-YPF SA and partners have made an oil discovery in the Mediterranean Sea, 30 km off Tarragona, Spain. The news comes just after Spanish firm Repsol SA acquired the former Argentine state oil firm, YPF SA, and announced a name change and planned restructuring (OGJ, July 12, 1999, Newsletter).The discovery lies near Repsol`s Casablanca oil field and platform, a key source of feed for Repsol`s 180,000 b/d Tarragona refinery.Chipirón-1 was drilled to 3,590 m MD and 3,388 m TVD. It cut a net interval of 69 m in the basal Tertiary group and the lower Cretaceous. The well didn`t find water-oil contact, said a Repsol-YPF official.On test, the well flowed 7,000 b/d of 40° gravity...

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