Venezuela engages in offshore exploration in Cuba

The Venezuelan Petroleum Corporation (CVP) and Cuban CUPET will start Wednesday the first project for offshore exploration in Cuba.

According to a press release Tuesday from state-run oil holding Petroleos de Venezuela (Pdvsa), subsidiary CVP and CUPET will start exploration in six blocs of approximately 10,000 square kilometers.

“Ascertaining the presence of deposits of light crude oil in volumes able to keep a high production potential is expected,” said Pdvsa, AP quoted.
The company claimed that the exploration to be made in the Cuban coasts will be “the first experience of Pdvsa in such an environment.”

el universal