Cuba searching for new oil reserves

Posted on August 7, 2012 • Filed under: Cuba, Oil

The state-owned Cubapetroleo, reported the failure to explore for oil companies in Malaysia and Russia, said “On July 31 completed the drilling of offshore exploration Catoche 1x, run by oil companies GULF PC and Gazpromneft, the final depth of 4,666 meters in a water depth of 2,258 meters”
He also reported the location of active petroleum system is located in blocks, but “the rocks are very compact and have no ability to deliver significant quantities of oil and gas, so that you can not qualify as a commercial discovery.” Read Article

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