Repsol says no more drilling offshore Cuba

Offshore staff

MADRID, Spain – Repsol has no more plans to drill offshore Cuba following its recent failure in the Gulf of Mexico, according to reports from the BBC.

Antonio Brufau, chairman, speaking to investors, said Repsol will not do another well in Cuba following its dry wildcat reported earlier this month. The decision, he said, was made on technical grounds based on the cost of offshore drilling and the failure rate to date offshore Cuba.

That dry will was drilled by the Scarabeo 9 rig in waters 50 km (31 mi) off Cuba’s northwest coast.

5/29/2012

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...