Repsol gets partners in blocks off Cuba

06/12/2006
Repsol YPF Cuba SA, operator of six offshore blocks in Cuba’s exclusive economic zone, is conducting 3,000 sq km of 3D seismic and geological studies and has accepted two partners in the venture.Norsk Hydro ASA, Oslo, and ONGC Videsh Ltd. (OVL), New Delhi, signed an association contract in Havana with Repsol and Cuba’s state company Cubapetroleo SA (Cupet) to explore the blocks. Repsol YPF, which will remain operator, is retaining a 40% stake, and Hydro and OVL each will hold 30%.Repsol found noncommercial oil 18 miles off Cuba’s northwestern coast in 2004 (OGJ, May 15, 2006, p. 15). It is one of 16 international companies that have signed contracts with Cuba since 1999 ...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected