Cuba to show oil potential at Earth Sciences Convention
News Date: 31st March 2011
Cuba will show its oil potential in its Exclusive Economic Zone in the Gulf of Mexico during the upcoming Fourth Convention of Earth Sciences in the capital of Havana, organizers said Tuesday.
The convention, to be held on April 4-8, will bring together more than 700 specialists in Geology, Mining, Geophysics, Metallurgy, Hydrogeology and Petroleum, to discuss issues concerning gas exploitation, deep water extraction and oil refining.
During the Third Cuban Congress of Oil and Gas, one of the workshops held in parallel with the convention, experts would discuss Cuba's oil potential, said Manuel Iturralde, president of the Organizing Committee and head of the Cuban Society of Geology (SCG).
Cuba had an oil production capacity of about 4 million tons in 2010 and drilled 25 wells alone this year, an oil sector's official said.
Cuba's Exclusive Economic Zone covers an area of 112,000 square kilometers with 59 blocks in the southeastern Gulf of Mexico. Official figures put the country's oil potential reserves at about 20 billion barrels.