133:, finished in late October. None of the three found commercial quantity of oil or gas, which jeopardized Cuba's hope to find hydrocarbons to boost its economy, and prompted Repsol to relinquish its concessions in this country The planned departure of the only deep-water drilling rig available in the fall of 2012 set the detailed exploration program necessary back for a period of years. There remain unexplored deep-water leases held by Vietnamese and Angolan firms and drilling was planned on a shallow-water prospect east of Havana by
25:
41:
17:
383:
33:
369:
479:
97:. Private companies and state-owned firms, from Brazil, India, Norway, Russia, Spain, Venezuela, Vietnam took leases. Despite the areas leased being close to tourist areas in Florida and Cuba, Cuba does not have the equipment or expertise to handle a major oil spill.
89:
were more than double that which was previously believed, and its total reserves were probably 20 billion barrels, mostly in the offshore. If the estimates are accurate, then Cuba would have one of the top 20 reserves in the world.
81:
estimated that the North Cuba Basin had a 95% probability of having at least 1.1 billion barrels, and a 5% chance of having 9.4 billion barrels; the most likely volume was 4.6 billion barrels of undiscovered oil.
289:
444:
277:
299:
553:
468:
172:
93:
By 2010 an active leasing program for blocks of the ocean floor north and west of Cuba was underway. No U.S. companies participated due to the
77:
estimated Cuba's off-shore reserves to be able to ultimately produce between 4.6 and 9.3 billion barrels of crude oil. Also in 2004, the
437:
338:
94:
558:
266:
589:
406:
430:
548:
584:
563:
594:
538:
543:
533:
523:
503:
493:
78:
528:
508:
53:
24:
518:
513:
166:
40:
416:
396:
411:
242:
105:
In 2012, three deepwater (more than 300 meters of water) exploration wells were drilled by the
190:
154:
176:
16:
311:
217:
52:
are varied, and depend mainly on estimations of undiscovered offshore deposits in the
578:
388:
218:
Assessment of
Undiscovered Oil and Gas Resources of the North Cuba Basin, Cuba, 2004
66:
Cuba has three producing offshore oil fields within 5 km of its north coast.
453:
134:
86:
60:
229:
374:
126:
339:"Cuba's Prospects for an Oil-Fueled Economic Jolt Falter With Departure of Rig"
32:
364:
110:
70:
382:
57:
478:
422:
288:
Cuba says 3rd deep-water oil well sunk this year not commercially viable
122:
118:
114:
130:
106:
74:
15:
300:
Repsol has decided to abandon its oil exploration project in Cuba
85:
In
October 2008, the Cuban government announced that its likely
426:
412:"Drilling Plans Off Cuba Stir Fears of Impact on Gulf"
243:"Gazprom of Russia to Drill for Oil in Cuban Waters"
486:
461:
267:Repsol: Exploratory oil well off Cuba comes up dry
337:Clifford Krauss; Damien Cave (November 9, 2012).
407:Map Showing the Planned Off Shore Drilling Site
69:A 2004 partnership between Spanish oil company
438:
117:, for different oil companies : one for
8:
191:"A Brief Energy Outlook for the XXI Century"
167:University of Texas, Jorge R Pinon Cervera:
137:, a Russian company, using a Norwegian rig.
445:
431:
423:
129:, finished in August, and finally one for
312:"2nd Cuban offshore oil well also a bust"
469:List of countries by proven oil reserves
39:
31:
23:
278:2nd Cuban offshore oil well also a bust
241:Kramer, Andrew E. (November 15, 2010).
146:
169:Cuba's energy challenge: a second look
153:US Energy Information Administration,
63:were 124 million barrels as of 2013.
7:
318:. Havana. AP Foreign. August 6, 2012
179:, PDF file, retrieved 3 March 2009.
220:, Fact Sheet 2005-3009, Feb. 2005.
95:United States embargo against Cuba
14:
28:North Cuba Basin geologic regimes
477:
381:
367:
230:BBC: claims massive oil reserves
44:North Cuba Basin cross sections
20:Cuban proved crude oil reserves
1:
198:Munich Personal RePEc Archive
121:was finished in May, one for
73:and Cuba's state oil company
611:
397:U.S. Presence in Cuba Oil?
475:
401:Latin Business Chronicle
590:Oil reserves by country
157:, accessed 22 May 2013.
79:U.S. Geological Survey
45:
37:
29:
21:
189:Lorca-Susino, Maria.
101:Petroleum exploration
43:
36:North Cuba oil fields
35:
27:
19:
554:United Arab Emirates
50:oil reserves in Cuba
48:Estimates of total
417:The New York Times
343:The New York Times
247:The New York Times
175:2009-06-12 at the
46:
38:
30:
22:
585:Petroleum in Cuba
572:
571:
602:
481:
447:
440:
433:
424:
399:by Jorge Pinon,
391:
386:
385:
377:
372:
371:
370:
354:
353:
351:
349:
334:
328:
327:
325:
323:
308:
302:
297:
291:
286:
280:
275:
269:
264:
258:
257:
255:
253:
238:
232:
227:
221:
214:
208:
207:
205:
204:
195:
186:
180:
164:
158:
151:
54:North Cuba Basin
610:
609:
605:
604:
603:
601:
600:
599:
595:Geology of Cuba
575:
574:
573:
568:
482:
473:
457:
451:
387:
380:
373:
368:
366:
363:
358:
357:
347:
345:
336:
335:
331:
321:
319:
310:
309:
305:
298:
294:
287:
283:
276:
272:
265:
261:
251:
249:
240:
239:
235:
228:
224:
215:
211:
202:
200:
193:
188:
187:
183:
177:Wayback Machine
165:
161:
152:
148:
143:
103:
12:
11:
5:
608:
606:
598:
597:
592:
587:
577:
576:
570:
569:
567:
566:
561:
556:
551:
546:
541:
536:
531:
526:
521:
516:
511:
506:
501:
496:
490:
488:
484:
483:
476:
474:
472:
471:
465:
463:
459:
458:
452:
450:
449:
442:
435:
427:
421:
420:
409:
404:
393:
392:
378:
362:
361:External links
359:
356:
355:
329:
303:
292:
281:
270:
259:
233:
222:
209:
181:
159:
145:
144:
142:
139:
102:
99:
13:
10:
9:
6:
4:
3:
2:
607:
596:
593:
591:
588:
586:
583:
582:
580:
565:
562:
560:
559:United States
557:
555:
552:
550:
547:
545:
542:
540:
537:
535:
532:
530:
527:
525:
522:
520:
517:
515:
512:
510:
507:
505:
502:
500:
497:
495:
492:
491:
489:
485:
480:
470:
467:
466:
464:
460:
455:
448:
443:
441:
436:
434:
429:
428:
425:
419:
418:
413:
410:
408:
405:
403:, May 4, 2009
402:
398:
395:
394:
390:
389:Energy portal
384:
379:
376:
365:
360:
344:
340:
333:
330:
317:
313:
307:
304:
301:
296:
293:
290:
285:
282:
279:
274:
271:
268:
263:
260:
248:
244:
237:
234:
231:
226:
223:
219:
213:
210:
199:
192:
185:
182:
178:
174:
171:
170:
163:
160:
156:
150:
147:
140:
138:
136:
132:
128:
124:
120:
116:
112:
108:
100:
98:
96:
91:
88:
83:
80:
76:
72:
67:
64:
62:
59:
55:
51:
42:
34:
26:
18:
549:Saudi Arabia
498:
454:Oil reserves
415:
400:
348:November 11,
346:. Retrieved
342:
332:
320:. Retrieved
316:The Guardian
315:
306:
295:
284:
273:
262:
252:November 16,
250:. Retrieved
246:
236:
225:
212:
201:. Retrieved
197:
184:
168:
162:
149:
135:Zarubezhneft
104:
92:
87:oil reserves
84:
68:
65:
49:
47:
375:Cuba portal
127:Gazpromneft
579:Categories
456:by country
203:2008-10-17
141:References
113:(owned by
111:Scarabeo 9
71:Repsol-YPF
564:Venezuela
487:Countries
322:August 6,
109:platform
58:crude oil
56:. Proved
173:Archived
123:Petronas
61:reserves
539:Nigeria
462:Listing
107:Italian
544:Russia
534:Mexico
524:Kuwait
504:France
494:Canada
216:USGS,
119:Repsol
115:Saipem
529:Libya
509:Ghana
194:(pdf)
131:PdVSA
75:Cupet
519:Iraq
514:Iran
499:Cuba
350:2012
324:2012
254:2010
155:Cuba
125:and
414:by
581::
341:.
314:.
245:.
196:.
446:e
439:t
432:v
352:.
326:.
256:.
206:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
