Repsol and Hess Corporation has discovered two oil beds in Gulf of Mexico. The discovery is expected to pump up the potential output of oil from theregion.

Madrid situated Repsol said in a statement that the findings are at the G104 and Shenzi-8 wells. The operator for this task was the world’s largest mining company, Melbourne situated BHP and it owns 44% of the stake. Repsol and Hess each own 28%.

After this discovery, Repsol said in a statement that the discovery is made in order to increase the future productivity of this area.

BHP said that it started producing crude and natural gas from the Shenzi field. The output of the Shenzi field is more than 120,000 barrels of oil a day.

Bruno Almeida da Silva, an analyst, said that the news regarding the output of Shenzi field indicates that the Gulf of Mexico has incredible potential.