Well to be drilled off Cuba (Oil)

[Say_What]

<clips>

Repsol has awarded a letter of intent to the Norwegian driller Ocean Rig to drill a deepwater well offshore Cuba during 2004. The rig's dayrate reportedly will be $195,000 plus mobilization/demobilization costs. Ocean Rig may use the semi Eirik Raude to drill the well.

<http://www.oilonline.com/news/headlines/rig_market/20031028.Well_to_.12699.asp>

[zbdent]

1. That explains Congress voting to open up travel to Cuba

Gotta do something on the weekends.

[number six]

2. Oh no!

If Cuba gets oil, when do the Marines go in?

[Noordam]

3. Wonder what SIDE of Cuba the

Well will be drilled. One side also is off the Florida coast. That would upset a lot of people.

[Media_Lies_Daily]

4. Sounds like a Special Ops base to me.

[Say_What]

5. Repsol stakes early claim to explore Cuban zone

From a 2000 article

<clips>

11-12-00 Repsol YPF, the Spanish oil group has staked an early claim to search for oil in the virtually unexplored Cuban zone of the Gulf of Mexico. The Madrid-based company signed a letter of intent to participate in future deep-water exploration in Cuba's 112,000 sq km Exclusive Economic Zone that juts into the gulf.

Repsol also signalled its interest in taking part in another potential project to modernise an idle Soviet-built oil refinery on the communist-ruled Caribbean island. Since the second half of 1999, when Cuba opened up its Gulf of Mexico waters for exploration, in the second half of 1999, the island Cuba has sought offers from several other major European oil groups.

Besides Repsol, these included Shell, Norsk Hydro, Premier and British Borneo, Italy's Agip, and France's Elf and TotalFina.

...Thanks to modest new discoveries and improved recovery from existing wells, Cuba's domestic oil output, mostly of heavy crude, has increased more than four-fold over the last eight years and will reach about 55,000 bpd in 2000.


http://www.gasandoil.com/goc/company/cnl10250.htm

[Judi Lynn]

6. People have claimed Cuba gets free oil from Venezuela

at various times, when time permits propaganda introjection. This always leads the unsuspecting to imagine all kinds of nefarious Commie schemes. Also wanted to point out that even though right-wingers would have you think otherwise, this arrangement has been in effect far longer than the time Hugo Chavez Frias has been the twice-elected (by a landslide) President of Venezuela.

Wanted to take the time to call attention to a treaty which has been in effect for years, calling for Venezuela and Mexico to offer oil to area poorer countries at discounted prices, Cuba being ONLY ONE COUNTRY among quite a few poorer countries in the region.

(snip) For Latin American importing countries like Chile and Brazil, this means that the low prices are also temporary. The Central American and the Caribbean markets operate according to the price securities established by the San Jose Treaty signed between Mexico and Venezuela.
According to this agreement, Central America and the Caribbean receive a total of 160,000 bpd, with soft financing of 20 % of the total. Yet even this mechanism operates with a fixed average price of $ 15 per barrel. (snip)
http://www.gasandoil.com/goc/news/ntl81143.htm


(snip) The leader considered the San Jose Treaty, agreed between Mexico and Venezuela 20 years ago, as a good precedent of what can and should be done to sell this fuel under favorable conditions to small Caribbean and Central America importing nations. (snip)
http://www.blythe.org/nytransfer-subs/20001cari/Direct_from_Cuba-13_April_2000

[Darranar]

7. How soon will we hear about...

Cuba's weapons of mass destruction?

[Osolomia]

8. Bush has been accusing Cuba of WMD all along

and has a policy of regime change with the silent complicity of the Dems who ignore the steady stream of news reports on this issue, hence the lack of common knowldege that perists to this day even on a forum such as this. What a shame.

[IndianaGreen]

9. Somehow we knew that O-I-L had something to do

with the White House's increased hostility towards Cuba. Too bad for Bush that his imperial army is bogged down in Iraq, he won't be able to invade any other countries for some time.

[dflprincess]

10. Perhaps Bush* will try a new tactic and treat Cuba like Saudi Arabia

I can see him now with his arm around Castro referring to "mi amigo Fidel."