IST LINK CHANGE/ More Details
http://uk.reuters.com/article/2012/08/06/cuba-oil-idUKS1E87500120120806
More bad news for President Raul Castro...in his attempts to wean Cuba from Venezuelan oil dependence.
An offshore test well using the giant and expensive Scarabeo-9 rig...was declared a failure by a joint partnership of Malaysia's Petronas and Russia's Gasprom.
They announced their drilling rock formation was too dense to 'deliver significant quantities of oil and gas.'
In May...Spain's Repsol abandoned offshore drilling in Cuba...after 2 test wells came up empty...along with $150 million in costs.
The Scarabeo-9 rig will now be employed by Venezuela.
Popular Posts
- POLAND: Warsaw Lauds LOT Pilot Wrona For Safe Crash Landing.
- ITALY / EUROZONE : New Greek Crisis Delays Berlusconi's Love Songs CD Release.
- HONDURAS : 4 Nov. UPDATE: 176 Police Arrested For Corruption; Lobo Sacks His Top Cops...Sends Troops Into Sula, Tegucigalpa.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- SERBIA / KOSOVO / EU : President Nikolic Talks Tough About Pristina.
- CHILE / CANADA : Court Suspends Barrick Gold Pascua Lama Mine Production.
- MEXICO: Guapo But Bobo...PRI's Pena Nieto Still Leads To Succeed Prez Calderon.
- MEXICO : Zetas Founder/ Leader "Lucky" Hernandez Lechuga Captured In Veracruz.
- BRASIL: FIFA Ponders Guns Swap For World Cup Football Tickets; Lula's Tumor 75% Reduced.