Repsol Partners With LLOG on Mexico Deepwater Projects
April 29 2019 - 9:46AM
Dow Jones News
By Nathan Allen
Repsol SA (REP.MC) said Monday that it has signed agreements
with Texas-based LLOG Exploration to jointly develop offshore
projects in deep waters in the Gulf of Mexico.
The partnership covers the Leon and Moccasin discoveries, which
are located less than 20 miles apart.
Under the agreement, LLOG will operate Leon, with a 33% working
interest, while Repsol will maintain its 50% stake.
At Moccasin, Repsol will take a 30% interest while LLOG retains
its 31.35% working interest and operatorship.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
April 29, 2019 09:31 ET (13:31 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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