Central America & the Caribbean

"Repsol's Move Raises Questions About Cuba Offshore Oil Drilling"

"Spain's Repsol oil company announced Tuesday it was 'almost certain' to withdraw from exploration in Cuba, after spending an estimated $150 million on a dry well and seeing far more profitable prospects in other countries such as Brazil and Angola."

Source: Miami Herald, 05/31/2012

"Oil Drilling Off Cuba Renews Oil-Spill Fear Factor in the Keys"

"KEY WEST -- In Cuba’s North Basin, the Spanish company Repsol has begun risky exploration for oil and natural gas on a semi-submersible rig, now just 77 nautical miles from Key West and even closer to the ecologically sensitive Florida Keys National Marine Sanctuary. In a month or so, Repsol expects its drilling through 5,600 feet of seawater and about 14,000 feet of layered rock will reach the reservoir. That’s frightening for many who live and work along the island chain."

Source: Miami Herald, 04/24/2012

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