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  • Repsol's Decision Smokes Out Cuba's Oil Ambitions

    05/30/2012 8:35:26 PM PDT · by Rabin · 4 replies
    Rigzone, (Global Insight) ^ | Wednesday, May 30, 2012 | Juliette Kerr
    Repsol, has confirmed that (his) company and its partners are abandoning drilling offshore Cuba, representing a major blow to the island's ambitions to secure oil self-sufficiency.... The decision follows reports that the Jaguey-1 exploration well drilled by Repsol and partners Statoil (Norway) and ONGC (India) on Block N26, in Cuba's Exclusive Economic Zone (EEZ) in the Gulf of Mexico, had come up dry.