By the OGJ Online Staff
HOUSTON, Feb. 28 -- Montreal-based Pebercan Inc. has reported another hefty producer in its development of Cuba's Canasi oil field. Its Canasi No. 5 well, drilled to 3,705 m TD and completed late last year, penetrated two successive hydrocarbon pools totaling 1,472 m of gross pay.
On test, Canasi No. 5 flowed 3,500 b/d of oil. Flow from the well brings total production from Block 7 to 13,000 b/d of oil, 6,200 b/d of which is net to Pebercan, the company said.
Shortly, Pebercan said it would drill another well, the sixth to be drilled in Canasi field.
Pebercan is among a handful of Canadian and other foreign firms undertaking exploration, development, and improved recovery projects in Cuba (OGJ, Jan. 7, 2002, p. 38). Their efforts underpin the government's ambitious plans to more than double oil production by 2005.
A US government embargo on Cuba prohibits US firms from investing in the Communist nation.
