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    Repsol begins drilling offshore Cuba

    News // February 3, 2012

    Reuters reports that Spanish oil company Repsol YPF has begun drilling the first well in Cuba's long-awaited exploration of offshore oilfields .

    The Scarabeo 9 drilling rig, which arrived in Cuban waters two weeks ago, began drilling about 30 miles northwest of Havana earlier this week.

    Sources close to the project said such wells generally take about 60 days to complete.

    Repsol, which is operating the rig in a consortium with Norway's Statoil and ONGC Videsh, a unit of India's Oil and Natural Gas Corp, has said it will take several months to determine the results of the exploration.

    The well is the first of at least three that will be drilled in Cuban waters with the Scarabeo 9, which was built in China and is owned by Saipem, a unit of Italian oil company Eni.

     

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