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Repsol Begins Deep-Water Exploration Drilling Off Cuba
Dow Jones Newswires ^ | Thursday, February 02, 2012 | Santiago Perez

Posted on 02/02/2012 7:16:21 PM PST by Rabin

MADRID - Spanish oil firm Repsol YPF SA has begun offshore drilling in Cuban waters as part of its global exploration operations, a person familiar with the situation said Thursday. Deep-water exploration drilling began about 50 kilometers north of Havana and will take at least 60 days to complete, this person added. Repsol is resuming exploration in the area after it failed to find exploitable oil in 2004. The U.S. Geological Survey has said there could be a substantial amount of untapped oil off the Cuban coast. The Repsol well is much closer to Florida than any other well in the region. U.S. 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.

(Excerpt) Read more at rigzone.com ...


TOPICS: Business/Economy; Cuba; Front Page News; News/Current Events; US: Florida
KEYWORDS: cuba; florida; oil; repsol; spain; trinidadandtobago
http://rigzone.com/data/rig_detail.asp?rig_id=1420

Cuba, se. Spain, se. Us, no.

R.

1 posted on 02/02/2012 7:16:27 PM PST by Rabin
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To: Rabin

Good news as it may mean that there will be additional oil on the world market.


2 posted on 02/02/2012 7:34:40 PM PST by trumandogz
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To: Rabin

It is insane that our Gov forbids us to drill in these waters, yet Spain, Cuba, China and Vietnam may have at it.


3 posted on 02/02/2012 7:35:30 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: Rabin

I thought Spain was all about GREEN energy?


4 posted on 02/02/2012 7:36:43 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: mylife

“It is insane that our Gov forbids us to drill in these waters, yet Spain, Cuba, China and Vietnam may have at it.”

“These waters” where this drilling will be taking place are not within US Territory and thus we are forbidden to do drill due to international laws.

However, it does seem that the US does not have the will to drill in our waters off Florida as since January of 1981 our presidents and Congress have kept the Offshore Drilling Ban in place.


5 posted on 02/02/2012 7:43:00 PM PST by trumandogz
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To: trumandogz

Even in international water off florida they whine that an oil spill would kill the Fla tourist economy, and they shut down company’s like Exxon.

Do they honestly think China will be better ecological stewards?


6 posted on 02/02/2012 7:47:03 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: Rabin

You’d think the eco-Nazis in and out of the Obama administration would be at a fever pitch right now against this drilling.

And yet, nary a peep.


7 posted on 02/02/2012 7:47:03 PM PST by VeniVidiVici (Obama's War on Prosperity is killing me)
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To: mylife

The US will have the ability to monitor this platform for compliance of industry standards.

Hopefully, they will not screw-up like BP.


8 posted on 02/02/2012 7:50:13 PM PST by trumandogz
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To: trumandogz

I would rather they monitor productive US platforms.


9 posted on 02/02/2012 7:53:56 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: trumandogz
Folks had a pretty good day earlier this week on the Tx gulf despite the BP spill.


10 posted on 02/02/2012 7:57:43 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: mylife
Even in international water off florida they whine that an oil spill would kill the Fla tourist economy, and they shut down company’s like Exxon. Do they honestly think China will be better ecological stewards?

Every cloud has a silver lining. At least if/when a train wreck happens, they won't be able to blame one of our companies.

11 posted on 02/03/2012 10:16:06 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: Smokin' Joe

Oh, they will tar them all with the same brush as always.


12 posted on 02/03/2012 10:48:26 AM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: mylife
Even in international water off florida they whine that an oil spill would kill the Fla tourist economy, and they shut down company’s like Exxon.

The "Macondo" experience 18 months ago will go a long way to fight that mythology. The effects of the spill were short-lived, even where they were not cleaned up by human agency. People underestimated the potency of natural marine life to adapt, overcome,and demolish the plume of oil that issued from "Macondo".

13 posted on 02/03/2012 4:24:51 PM PST by lentulusgracchus
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To: mylife

bttt


14 posted on 02/03/2012 8:34:29 PM PST by Liberty Valance (Keep a simple manner for a happy life :o)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Rabin.


15 posted on 02/04/2012 10:11:52 AM PST by SunkenCiv (FReep this FReepathon!)
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