Cuba deepwater exploration opportunities described in southeastern Gulf of Mexico

The Cuban government recently decided to offer opportunities to foreign companies for petroleum exploration in the deepwater area of the Cuban Exclusive Economic Zone (EEZ) in the southeastern Gulf of Mexico, including the western Straits of Florida, and in the northwestern Caribbean Sea. Click here to enlarge imageThis part of the Cuban EEZ encompasses some 110,000 sq km and has been divided into 59 blocks of approximately 2,000 sq km each (Fig. 1). Contracts offered are of the production-sharing type.As with the available shallow marine and onshore acreage in Cuba, the timeframe of the deepwater acreage offering is open-ended, and interested companies are free to make arrangements to e...

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