Sherritt boosts heavy oil output in northern Cuba

Click here to enlarge imageCuba's oil production rate is growing as Sherritt International Corp., Toronto, develops heavy oil fields along the island's northern coast.Sherritt said its gross oil production in Cuba in the quarter ended June 30 averaged 31,818 b/d, compared with 18,801 b/d in the 1999 second quarter.Sherritt holds an indirect interest in seven exploration/production-sharing contracts with the government. The 11 contracts cover a combined 3.55 million acres and encompass most of the island's existing oil fields, the company said."The enhanced production-sharing contracts require the corporation to provide services and technical assistance to rework and enhance ...

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