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Posted May 11, 2006 by publisher in Business In Cuba

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Prensa Latina

Cuba hopes to extract 200 tons of oil per day in a Varadero oilfield, which use could last over 15 years, an official source said Tuesday.

It is a sloping well, drilled from the soil to the sea, 16,948 feet long, at an angle of 83 degrees, with a 13,625 foot horizontal displacement, which is considered a record in the country.

Canadian Sherrit Oil and Gas International and Cuba Petroleo state company said it took 80 days to drill the well and some crude oil layers were crossed.

Granma revealed that the cost of the well reached $6.5 million US dollars.

Find Cuba oil on Amazon

  1. Follow up post #1 added on May 13, 2006 by Bernie

    My figures on this well would be apprx. 1400 barrels a day.
    Owning a well with this kind of production would please me
    greatly.  I don’t mind if I am to be corrected on these figures.

    Go drillers go.


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