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PdVSA to Take Over Rig for Drilling Off Cuban Coast {Venezuela}
Dow Jones via Rig Zone ^ | August 06, 2012 | Kejal Vyas|

Posted on 08/06/2012 10:10:27 AM PDT by thackney

Venezuela's state oil company Petroleos de Venezuela SA, or PdVSA, will take over a rig for an exploration project off Cuba's west coast "in the upcoming days" after a Malaysian-Russian consortium was unable to make a commercial discovery using the rig at a separate site, a statement in Cuban state newspaper Granma said Monday.

The Venezuelan company will receive control of the Scarabeo 9 platform to begin exploration drilling in deep waters off Cuba's coast with the Gulf of Mexico, the state publication said.

...

Venezuela sends Cuba around 100,000 barrels of oil a day in exchange for around 30,000 Cuban doctors who service Venezuelan slums.

(Excerpt) Read more at rigzone.com ...


TOPICS: News/Current Events
KEYWORDS: cuba; energy; offshore; oil


1 posted on 08/06/2012 10:10:35 AM PDT by thackney
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