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PETROBRAS TO DRILL WILDCAT WELL.
Brazilian state oil firm Petrobras, carrying Cuba's hopes of discovering a major, good-quality find, plans to start drilling an exploration well off the north-central Cuban coast in mid-November, reports CANA-Reuters (September 6, 2000). Demarco Jorge Epifanio, the head of Petrobras' Cuban subsidiary Brasoil Cuba, said November 18 had been set as the target date to begin the two-month drilling operation on a tiny offshore coral key north of central Ciego de Avila province:
"This really is a wildcat well. It is a high-risk bid -- we estimate the probability of success at below 15%," Epifanio said, adding that "if we do find something, it…
- Petrobras Plans Cuba Drilling.(Petroleo Brasileiro S.A.)(Brief...
- Newspaper article from: The Oil Daily September 7, 2000 700+ words
...drilling an exploration well off the north-central Cuban coast in mid-November. Demarco Jorge Epifanio, the head of Petrobras subsidiary Brasoil Cuba, said this week that Nov. 18 has been set as the target date to begin the two-month drilling...
- Cuba's Hopes for Discovery Dim.(Brief Article)
- Newspaper article from: The Oil Daily February 23, 2001 700+ words
...go as far as 13,200 feet. So far they have come up dry, the source said. Demarco Jorge Epifanio, the head of Petrobras' Cuban subsidiary Brasoil Cuba, said his firm plans to keep drilling for a few more weeks. Petrobras has a 60% interest...
Source: HighBeam Research, PETROBRAS TO DRILL WILDCAT WELL.
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