Cuba looks to cooperate on offshore safety - Upstream Online

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Cuba looks to cooperate on offshore safety Cuba's oil industry wants to work with its counterparts in the United States and Mexico to promote safe drilling practices and avoid the kind of well blowout and spill seen recently in the Gulf of Mexico, a leading drilling industry expert said Cuba: Looking to cooperate on offshore safety. today.

News wires 25 August 2010 18:25 GMT RELATED STORIES Pluspetrol aims for Castanha appraisal well off Angola Lee Hunt, President of the Houston-based International Association of Drilling Contractors, said MOST POPULAR Chavez threat to halt US oil in FARC row during a visit to Havana he would like to see Cuba's All crew accounted for in Gulf blast eyes Cuba and Iran plays state oil company join the organisation to be able to exchange information with its neighbors on drilling BP engineers misread Macondo data Cuba gets ready for BP oil spill techniques, safety and regulation. Former Taqa chief sues company "Cubapetroleo (Cupet) is interested in joining and we have an interest in them being a member of the international drilling community," Hunt told Reuters in an interview, BP zeros in on Macondo pipes after two days of talks in Cuba with local industry officials and regulators. BP exec unsure who ran Macondo rig The association officials, making their first visit to communist-ruled Cuba, said they were told the island was planning the drilling of seven test wells in 2011 and 2012 in Cuba's offshore Gulf of Mexico acreage. SEARCH Spain's Repsol YPF has announced that its consortium with Norway's Statoil and India’s ONGC Videsh Ltd will drill at least one well early next year using a Chinese built rig owned by , a unit of Italian oil company Eni. Advanced search / Archive The three consortium companies and Saipem are all associates of the drilling contractors' group, Hunt said. "We are promoting the concept that there is one Gulf, shared by the United States, Mexico and Cuba and want a trilateral industry dialogue on safe practices to ensure unfortunate events such as have occurred in Mexico and more recently in the United States do not happen off the shores of Cuba," Hunt said. SUBSCRIBER LOGIN Due to the US trade embargo against Cuba, the Houston-based Association of Drilling Contractors, representing 90% Username: Password: of the world's drilling companies, will need approval from US President Barack Obama's administration for Cupet to actively join it as a member. But exceptions for states under US sanctions have been granted in the past, for example, to Iran's oil company. "It is in the interest of everyone to promote communications that will prevent blowouts, spills and fires," Hunt said. RECRUITMENT "A good relationship with the Cuban oil industry is very much in the interest of the American public as it will be drilling Sales Director within 40 miles (65 km) of Key West next year," he added. As the senior sales Florida politicians have raised fears that Cuban drilling could lead to an accident like the BP oil spill, the world's worst professional in the Hallin offshore oil accident, off the Louisiana coast in the Gulf of Mexico. Group, you will be responsible for the The Obama administration has said it would allow US companies that handle and clean up accidental oil spills to achievement of the annual operate in Cuban waters should the need arise. sales targets in line with the group business plan, Hunt said safety recommendations made by his organization to the US administration in the wake of the BP spill were along... already in place in Cuba. Hallin Marine Subsea "The Cuban oil industry has put a lot of research, study and thought into what will be required to safely drill ... they International are very knowledgeable of international industry practices and have incorporated many of these principles into their safety and regulatory planing and requirements," he said. Senior Reservoir Engineer Cupet estimates it has up to 20 billion barrels of oil in its offshore areas, but the US Geological Survey has estimated *Create, deliver and a more modest 4.6 billion barrels and 10 trillion cubic feet of gas. maintain dynamic reservoir models for performance

http://www.upstreamonline.com/live/article227380.ece[03/09/2010 12:04:49] Cuba looks to cooperate on offshore safety - Upstream Online

Cuba currently produces about 60,000 barrels of oil per day (bpd), all from onshore wells. monitoring, development It receives about 115,000 bpd from ally Venezuela on favorable terms. and management decisions *Identify and recommend The drilling rig is expected to arrive in Cuban waters early next year and companies have begun preparations to drill solutions to increase or... once the Scarabeo 9 rig gets to the island. OMV Exploration & Cuba has divided its share of the Gulf into 59 blocks, 21 of which are already under lease to seven companies. Production Diplomats in Havana have said Malaysia's Petronas is also planning to use the rig. Venezuela's state oil company Manager Engineering PDVSA has said it plans to sink its first exploratory well in Cuba's offshore next year. Department Platforms & Pipelines Other companies with blocks there are Vietnam state oil and gas group Petrovietnam and Brazil's Petrobras, while All vacancies are based in companies from Russia, and Angola are in the process of negotiating exploration rights. Rotterdam. Please visit our website for more information Published: 25 August 2010 18:25 GMT | Last updated: 25 August 2010 18:44 GMT and job profiles or send your CV to [email protected] Worldwide Offshore Solutions Project Controller Print article Email to a friend Share article Post to facebook UK OFFICE - www.faststream.co.uk Project Controller - Free email newsletter London & Surrounding areas - £60k plus benefits - Ref. OG3100 Faststream Mechanical Oil & Natural Gas Stocks Want To Invest In Oil ? Commissioning Acheive 600%+ Investment Returns. We Show Oil Returns 77% Annually & Pays Monthly Engineer - Offshore You How. Start Here. Dividends Too! Free Guide www energydevelopmentglobal com centexresources com/Buy-Oil-Now Mentor IMC Group Principle Technical Safety Engineer Brunel Sales Manager - Turbomachinery HAYS Recruiting experts in Oil & Gas Business Development Manager Platform & Pipeline Construction Worldwide Offshore Solutions Principal/Senior Naval Architect Faststream Lead Subsea Facilities Engineer - Deepwater Mentor IMC Group Production Chemist (Well Treatments) Brunel Senior Pipeline Engineer HAYS Recruiting experts in Oil & Gas Tender Manager Platforms & Pipeline Construction Worldwide Offshore Solutions Senior Consultant (Pipework Vibration) Faststream Recruitment Manager - Oil & Gas Mentor IMC Group Operational Petrophysical Engineer Brunel Exploration Geologist HAYS Recruiting experts in Oil & Gas Pipeline Installation Engineer Worldwide Offshore

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