Spain's Repsol makes big gas find in Caribbean
June 4, 2017
MADRID (AP) — Spanish energy company Repsol and London-based BP say they have found a gas field in the Caribbean containing an estimated two trillion cubic feet of natural gas — equivalent to two years of Spanish demand.
Repsol says it is the largest volume of gas it has discovered in the last five years and the most significant in a decade for Trinidad and Tobago. Repsol holds a 30 percent stake in the exploration consortium, with the rest held by BP.
A Repsol statement Monday says drilling is expected to begin in the second half of next year.
The company says about 65 percent of its p...