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What does Repsol's departure mean for Cuba's drilling future?

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/20960

What does Repsol's departure mean for Cuba's drilling future?

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Title: What does Repsol's departure mean for Cuba's drilling future?
Author: Inter-American Dialogue’s Latin American Energy Advisor
Subject(s): Caribbean
Spain
Cuba
Repsol
oil
exploratory well
offshore projects
investment
Petronas
embargo
production
market
Scarabeo-9
Abstract: Spanish oil company Repsol announced last month that it is withdrawing from Cuba after it failed to discover oil in an exploratory well. Repsol also came up dry when drilling in 2004 and now says that the risks no longer justify the expense for its blocks. Does Repsol's withdrawal have major implications for the future of drilling in Cuba? What are the next steps for the Caribbean nation's offshore projects?
Date: 2012-06-04
Publisher: Inter-American Dialogue
Citation: Inter-American Dialogue’s Latin American Energy Advisor, June 4-8, 2012; pp. 1, 5.
Description: Article re-posted as a PDF document with permission from the publishers as part of an Institutional Repository collection to aggregate Latin American energy policy, dialogue, white papers, reports, and educational materials.
URI: http://hdl.handle.net/1928/20960
Available at: http://www.thedialogue.org

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