BREAKING : 1.2 BILLION Barrels of Oil Discovered in Alaska!
We just can’t stop winning, can we?
American oil independence is just around the corner, especially after this incredible discovery in Alaska!
A Spanish and a Denver Oil company teamed up and discovered 1.2 BILLION barrels-worth of oil in Alaska’s North Slope.
Amazing news!
From CNBC
Spanish energy company Repsol says an oil reserve of 1.2 billion barrels has been identified in Alaska’s North Slope, which the company says is the largest onshore discovery in the United States in three decades.
Repsol said that the contingent resources of recoverable light oil found near the village of Nuiqsut in North Slope, would allow production of 120,000 barrels per day starting from 2021.
A statement from Repsol’s Madrid headquarters sayd the discovery was made with its partner, Denver-based Armstrong Energy. The companies began exploration in North Slope in 2008.
Repsol recently reported its 2016 net profit of 1.73 euros ($1.82 billion), its best results in four years.
Amy Moreno is a Published Author, Pug Lover & Game of Thrones Nerd. You can reach her on Facebook here.
