Area Drilling

CubaSherritt International Corp., Toronto, plans to drill one exploratory well and 11 development wells as part of its companywide $150 million budget for 2008.Sherritt expects its 2008 gross working interest oil production in Cuba to be consistent with the 2007 average of 30,637 b/d, which was steady with 2006 output. The fourth quarter 2007 average was 31,453 b/d.The company signed one production-sharing agreement for a contiguous block in Cuba in 2007 and in early 2008 was negotiating terms and conditions of an enhanced oil recovery concession and several exploration blocks.IndiaOilex Ltd., Sydney, will try to establish oil and gas production in abandoned Cambay gas field in Gujarat, I...

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