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CORRECTED-UPDATE 1-Repsol makes 2 oil finds in Gulf of Mexico

Fri Oct 30, 2009 3:52am EDT

Stocks

   

(Corrects name in first bullet point)

* Consortium operated by BHP Billiton

* Two columns 170 metres and 30 metres thick found

(Adds detail)

MADRID, Oct 30 (Reuters) - Spanish oil group Repsol (REP.MC) has struck oil at two existing wells in the Gulf of Mexico, a spokesman for the company said on Friday.

The two columns of oil, 170 metres and 30 metres thick, are at two existing wells in the Shenzi field, operated by BHP Billiton (BHP.AX)(BLT.L) with a 44 percent stake, Repsol said in a subsequent statement.

Repsol and Hess Corporation (HES.N) each have 28 percent stakes in the field, where the two ultra-deep wells called Shenzi-G104 and Shenzi 8 are located, at depths of over 7,800 metres each.

(Reporting by Jonathan Gleave; editing by Simon Jessop)



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