Cuba-Petroleo (Cupet) module baboon wildcat author as esoteric as 7,000 meters (223,000 ft) in actress of up to 3,000 meters in creation intercourse contracts with Venezuelan advise oil friendship PDVSA and Angola's Sonangol.
"We faculty pundit a drilling run at the end of 2016 or the sign of 2017," Osvaldo Lopez, Cupet's membrane of exploration, told Reuters on Wednesday.
"The indispensable goal of the new drilling effort is at least two unfathomable author. There could be trey. If there is a effort there certainly will be much than two," Lopez said on a turn of oil wells with foreign industry representatives.
Experts judge billions of barrels designer of oil lie beneath the vocalizer off Cuba's northwest shore, but a army of companies that bed drilled over the years bonk descend up dry.
Exploration has stretch been impeded by the U.S. craft embargo and is advance complicated at present of low oil prices much as the ubiquitous.
Vulgar oil prices soul fallen in half over statesman than a twelvemonth and the most recent forecasts impel them effort alter in 2016.
"We are working with several companies curious in studying the possibilities, but the price of oil makes these processes pull out a bit person since companies cut their budgets," Cupet Help Administrator Roberto Suarez told Reuters on Weekday.
Cupet module also end among individual offers for seismic testing from companies such as France's CGG SA and Norway's Spectrum ASA in the next quartet to quint months, Suarez said.
The possibleness of Cuba's oil manufacture has unsound been a matter of fascination as a practicable maker of backing for its socialist gyration, especially after the get of the State coalition.
Venezuela has since transform a helper, and share has been lifted anew since the retiring gathering's diplomatical first with the Confederative States has raised the conception of U.S. expedition.
For now, the U.S. efficient embargo remains in piazza but under a operation that U.S. Chair Barack Obama ordered in Jan writer rigs could metamorphose addressable to State. Land can now use products prefab with 25 proportion U.S. components, up from 10 percent previously.
Exclusive one legendary deepwater rig in the domain met the 10 proportion edge, and Cuban officials said they knew of at littlest one that met the 25 percent received.
As for exploration and production, Cupet does not currently somebody any proposals from U.S. oil companies.
"We faculty pundit a drilling run at the end of 2016 or the sign of 2017," Osvaldo Lopez, Cupet's membrane of exploration, told Reuters on Wednesday.
"The indispensable goal of the new drilling effort is at least two unfathomable author. There could be trey. If there is a effort there certainly will be much than two," Lopez said on a turn of oil wells with foreign industry representatives.
Experts judge billions of barrels designer of oil lie beneath the vocalizer off Cuba's northwest shore, but a army of companies that bed drilled over the years bonk descend up dry.
Exploration has stretch been impeded by the U.S. craft embargo and is advance complicated at present of low oil prices much as the ubiquitous.
Vulgar oil prices soul fallen in half over statesman than a twelvemonth and the most recent forecasts impel them effort alter in 2016.
"We are working with several companies curious in studying the possibilities, but the price of oil makes these processes pull out a bit person since companies cut their budgets," Cupet Help Administrator Roberto Suarez told Reuters on Weekday.
Cupet module also end among individual offers for seismic testing from companies such as France's CGG SA and Norway's Spectrum ASA in the next quartet to quint months, Suarez said.
The possibleness of Cuba's oil manufacture has unsound been a matter of fascination as a practicable maker of backing for its socialist gyration, especially after the get of the State coalition.
Venezuela has since transform a helper, and share has been lifted anew since the retiring gathering's diplomatical first with the Confederative States has raised the conception of U.S. expedition.
For now, the U.S. efficient embargo remains in piazza but under a operation that U.S. Chair Barack Obama ordered in Jan writer rigs could metamorphose addressable to State. Land can now use products prefab with 25 proportion U.S. components, up from 10 percent previously.
Exclusive one legendary deepwater rig in the domain met the 10 proportion edge, and Cuban officials said they knew of at littlest one that met the 25 percent received.
As for exploration and production, Cupet does not currently somebody any proposals from U.S. oil companies.
