THE CUBAPETROLEO (CUPET) Union of Enterprises informs that drilling operations at the Jagüey 1X exploratory oil well in Cuba’s Exclusive Economic Zone in the Gulf of Mexico, have been completed without results. This well was drilled by the Repsol company as operator in the framework of a risk exploration contract signed between CUPET and a consortium comprising Repsol of Spain, Satoil of Norway and ONGC of India, in a 1,778-meter area of water with a total depth of 4,548 meters at average sea level.

The Jagüey 1X well was the first to be drilled in the exploratory program underway in the Exclusive Economic Zone and the lack of results should not in any way nullify prospects for the zone, which covers an area of 112,000 square kilometers in the Gulf of Mexico, one of the principal oil basins at the global level, with a high potential for the discovery of new hydrocarbon reserves, in according to geological studies undertaken.

The Scarabeo 9 drilling platform utilized in the Jagüey 1X exploration, was transferred to the location of the Catoche 1X well north of Pinar del Río province, where drilling began on May 24, operated by the Malaysian PC Gulf company. The Russian Gazpromneft company is also participating in this risk exploration contract.