Repsol Rig Arrives in Cuba

HOUSTON (Dow Jones Newswires), Jan. 19, 2012

An Italian drilling rig scheduled to drill a deep-water well offshore Cuba has arrived to the shores of Havana, Cuban media said Thursday.

The website said that the rig, dubbed Scarabeo 9 (UDW semisub), could be seen from Havana's boardwalk, the website said. The rig will be operating for Spanish oil giant Repsol YPF SA.

The rig was been inspected by U.S. officials during a stopover in Trinidad & Tobago. U.S. offshore regulators said that the vessel complied with existing international and U.S. standards. The rig is scheduled to start drilling later this year.

Cuba has little experience with offshore oil exploration. In 2004, Cuba drilled a deep-water well, which received little notice. Since then, the U.S. Geological Survey has said there could be a substantial amount of untapped oil off the Cuban coast. Cuba could sell the oil or use it to reduce imports from Venezuela.

Copyright (c) 2012 Dow Jones & Company, Inc.


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Gilbero Mata | Jan. 23, 2012
Hey Dear Facundo... We hope your wishes never become reality. In fact, there are serious expectations for finding out oil in offshore Cuba. The have the right to explore their waters and probably discover a new oilfield giant. The best of wishes for Repsol, Patronas, PDVSA and Cupet in this historical drilling campaign... Regards...

Oilblur | Jan. 21, 2012
How can anyone fault the USA for mearly wanted to ensure the Scarabeo 9 is in a safe working condition before it spins the bit? The USA has no problems with other countries safely drilling in the Gulf. Reference PEMEX. Maybe this drilling program can give everyday Cubans some pride and new opportunities.

well controled | Jan. 20, 2012
Having worked in Cuba, I think the government , does take a very serious attitude towards their offshore industry. The USA thinks its the only country entitled to drill in the GOM, AND HAVE THE RIGHT TO SPILL IN IT. Cuba has the right to drill in their territory and develop a market for their product,They know the responsibility of their oil and gas industry, to proceed with the utmost care. I WISH THEM THE BEST OF LUCK.


MIke | Jan. 20, 2012
"The rig is scheduled to start drilling later this year." What will it be used for until then? Training? Tourist attraction? That's a long time for a deep-water rig to be idle.

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