For those that are interested thhere are some Geologic info on Cuba and the oil. don http://www.wsicubaproject.org/ppt/energy/energy_ppt7.ppt
On Oct 18, 4:38 pm, dkwilk <[EMAIL PROTECTED]> wrote: > i just had to post this article.. i thought it was informative. don > > Cuba claims massive oil reserves > > Cuba currently produces 60,000 barrels of oil a day > The state-owned Cuban oil company says the country may have more than > 20bn barrels of oil in its offshore fields - more than double the > previous estimate. > > Cubapetroleo's exploration manager said drilling in the offshore wells > would begin as early as the middle of 2009. > > Such reserves would place Cuba among the top 20 oil producing > nations. > > Cubapetroleo's estimates are based on comparisons to known oil > reserves found within similar geological structures off the coasts of > the US and Mexico. > > The company said Cuba had undersea geology "very similar" to that > surrounding Mexico's giant Cantarell and Poza Rica oil fields in the > Bay of Campeche. > > 'More data' > > Cuba's share of the Gulf of Mexico was established in 1977, when it > signed treaties with the US and Mexico. > > The US Geological Survey (USGS) recently estimated that as much as 9bn > barrels of oil and 21 trillion cubic feet of natural gas could lie > within that zone, in the North Cuba Basin. > > However, Cubapetroleo exploration manager Rafael Tenreyro Perez said > his company's estimate was higher because it had better information > about Cuba's offshore geology. > > "I'm almost certain that if [USGS officials] ask for all the data we > have, their estimate is going to grow considerably," he told a news > conference in the capital, Havana. > > If correct, Cuba's oil reserves would be almost the same as those of > the US - 21bn barrels, according to the Oil & Gas Journal - and nearly > twice the size of Mexico's - 11.7bn barrels. > > It could generate unprecedented wealth for the Communist-run state. > > Mr Tenreyro said he expected the first production well to be drilled > before the middle of next year by a consortium led by the Spanish oil > company, Repsol, and that more wells could be started before 2010. > > Cuba currently produces 60,000 barrels of oil a day. > > It depends on Venezuela for an additional 93,000 barrels a day, which > it receives at preferential rates in exchange for the services of > thousands of Cuban doctors working in Venezuela. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
