Cuba Business

Pebercan oil drilling a success off Cuba

Posted September 25, 2005 by publisher in Cuba Business.

oil and gas journal | Offshore staff

Drilling and production company Pebercan, Inc. reported successful drilling of the Seboruco-12 development well off the northern coast of Cuba. The well is located approximately 350 m east of the Seboruco-11 well, and produced over 1,500 b/d over a period of 48 hours on a choke 20-mm in diameter. Based on these results, Pebercan will continue development of the Seboruco field by drilling the Seboruco-13 development well in the near future.

Pebercan Inc. is involved in the exploration, development and operation of oil reserves in the Republic of Cuba. Pebercan sells all of its production to the Cuban government, but is not subject to any restrictions with regard to selling its oil. The Corporation’s headquarters are in Montreal, Quebec and shares are listed on the TSX under the symbol PBC.

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