oil and gas

Cuba Contracts with Australian Firm for Hydrocarbon Production Sharing

October 10, 2015September 4, 2015 by Cuba Journal

According to World Oil, MEO Australia has concluded terms and executed the Cuba Block 9 Production Sharing Contract (PSC) with the national oil company Cuba Petróleo Union (CUPET). The block 9 onshore contract contains the large Veradero oil field and other discoveries. Specific terms of the contract are unknown, but the timing appears to symbolic … Read more

Upcoming Cuban Oil Industry Symposium To Focus On Regional Safety

October 10, 2015August 24, 2015 by Cuba Journal

Oil industry executives are well known for applying detailed analysis to the economics of oil and gas production. Today that analysis suggests Cuba’s estimated 5 to 20 billion barrels of offshore oil reserves and 8 billion cubic feet of natural gas will remain like so many other things in Cuba: forbidden fruit. After the tragic … Read more