Zarubezhneft, a Russian state-controlled oil company, is set to launch its oil drilling campaign off the coast of Cuba.
Exploration rig Songa Mercur, owned-by Songa Offshore, has already reached the Cuban territorial waters and is expected to start drilling at the L Block, about 330km away from Havana area, reports RT.com.
A delegation of officials from Russia and Cuba, including the chairman of Russia’s Audit Chamber Sergey Stepashin, Russia’s ambassador to Cuba Mikhail Kamyshin and Zarubezhneft CEO Nikolay Brunich has visited the rig to review the proposed drilling works.
While visiting the rig, Sergey Stepashin said: “We hope to see the first results of drilling by May and hope we would see “big oil””.
For the drilling campaign, which is expected to cost about $126m, the company had formed a joint venture with Cuba’s state-owned Cubapetroleo oil company.