Tuesday, May 22, 2012

Repsol comes up short in Cuba (Corrected)

Late to this one, but for the record...Repsol found no oil in Cuba, but the rig it built will be passed to other companies, starting with Malaysia’s Petronas to continue searching for a deep-water reservoir in Cuba’s part of the Gulf.  Reuters story here.

(Correction: I was wrong to say in an earlier version of this post that Repsol would be leaving Cuba.  Press reports have the company deciding what to do.  See BBC and Argus.)

1 comment:

Ernesto said...