By the OGJ Online Staff
HOUSTON, Feb. 23�Repsol-YPF SA said Friday it has an oil discovery off Spain near the Casablanca complex of fields.
The Chipir�n Northeast discovery flowed 8,000 b/d of 40�-gravity oil in production tests.
Repsol was operator with a 98% interest. LOCS Oil Co. of Spain SA had 2%.
Chipir�n Northeast was expected to go on stream in the second half, and will be connected to the flow line from the Chipir�n-1 field. Both will produce via the Casablanca platform, which is linked by pipeline to Repsol's refinery at Tarragona.
Repsol said, "This high margin oil will significant increase production in the short term in an area where several small discoveries, for which development is highly profitable, have been made in recent years."
The Casablanca platform produces oil from the Casablanca, Rodaballo, Boqueron, and Barracuda fields.
