Largest oil discovery in the US in 30 years is revealed

The Spanish company Repsol announced it has the largest oil discovery in 30 years, in US land, more precisely in the state of Alaska. The discovery, made in conjunction with the associated company, Armstrong Energy, is about 1.200 million barrels of recoverable crude.

Through his statement Repsol also announced that the preliminary development plan the start of production of this deposit in 2021 and will yield around 120,000 barrels of oil per day.  

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