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Weekly report on Cuba's tourism industry
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Cuba Promotes Oil Prospecting Business
Monday, December 10, 2018



Havana.- Cuba is preparing a tender for oil prospection and exploitation areas, with a view to attracting foreign investment to the sector.

Cuba-Petroleo (CUPET) executives pointed out that in the first stage, 24 blocks located in the Gulf of Mexico or the Exclusive Economic Zone (EEZ) will be included in the process.

Subsequently, blocks will be included on land and those related to projects to increase crude production.

It should be mentioned that Cuba has 79 blocks available and nine under contract, distributed in land, shallow waters and the EEZ.

Prior to the tender, the geophysical services company BGP carried out a study that contains data on 26,880 kilometers.



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