Monday, February 6, 2012

Repsol begins contentious drilling activity in Cuba

Spanish oil firm Repsol YPF has begun offshore drilling in Cuban waters as part of its global exploration operations, reports Thursday said. Deep-water exploration drilling began about 50 kilometres north of Havana and will take at least 60 days to complete, Dow Jones and Reuters reported, citing unnamed sources. Repsol is resuming exploration in the area after it failed to find exploitable oil in 2004. Earlier this month, US authorities inspected the Scarabeo 9 drilling rig off the coast of Trinidad and Tobago and said the vessel complied with existing international and U.S. standards.

Keep a tab on Repsol’s drilling activity, and also view their latest presentations and reports with the help of the Derrick Document Search Tool:

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