Repsol Begins Oil Production at Leon-Castile in US
- Production has begun at Leon field, with two more wells expected online in Leon and Castile fields this year.
- The Salamanca FPU, with a capacity of 60,000 barrels of oil and 40 million cubic feet of gas per day, reduces emissions by 87%.
- Repsol holds a 50% interest in Leon, 35.62% in Castile, and 2.5% in the Salamanca FPU.
- Repsol has invested over $24 billion in the US since 2008.
Project Overview
Production has commenced at the Leon field offshore Louisiana, with two additional wells expected to come online in Leon and the adjacent Castile field within the year. This development is part of a consortium involving Repsol, LLOG Exploration Offshore, and O.G. Oil & Gas.
Innovative Use of FPU
The Salamanca floating production unit (FPU) is the first refurbished offshore facility in the US Gulf, reducing emissions by 87% compared to a new unit. It has an initial production capacity of 60,000 barrels of oil per day and 40 million cubic feet of gas per day.
Strategic Importance
The Leon-Castile project is a key component of Repsol's strategy to enhance energy production in the US, a core growth region in its 2024-2027 Strategic Plan. Repsol holds a 50% working interest in Leon and 35.62% in Castile.
Future Developments
In addition to the current wells, production at two more wells is planned for 2026. The project is expected to provide long-term energy production and economic benefits to local communities on the Gulf Coast.
Source: Repsol