07.08.2012 - Cuba says latest offshore well is not successful

Cuba's hopes for energy independence suffered another blow on Monday when its state oil company said the island's latest offshore oil well was not successful. Cubapetroleo said the well drilled by Malaysia's state-owned Petronas in partnership with Russia's Gazprom Neft found oil but in a geological formation so tightly compacted that oil and gas could not flow through it in "significant quantities."..............................................Full Article: Source

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