EFE, via 14ymedio, 4 April 2018 — Cuba is moving along with the drilling that will soon come to be the deepest horizontal oil well in all of Latin America and the Caribbean, located on the north side of the island (Cuba ) where it has already passed the 6 kilometer mark and will soon reach the record of 8.2 km according to a notice this past Wednesday from the official press.
The drilling of the West Varadero 1008 long range well has been supported with financing and guidance from Cuba, which has chosen this technolgy in order to “exploit from the coast, the crude that lies beneath the ocean” and “to lower the cost of investment” as pointed out on front page of the state daily Juventud Rebelde (Rebel Youth).
The drilling began on the twenty-eighth of December 2016 at Boca de Camarioca, Matanzas and has been complicated “by the geology of subterranean rock” explained the Director General of the state Central Company for the Drilling and Extraction of Petroleum, Marcos Antonio Pestana.
According to the bulletin, CCDEP has produced 8000 tons of petroleum more than was previously planned for the trimester.
“Drilling always brings on new challenges and we are, at this time, drilling six wells which are very promising for company production and for the nation,” added Pestana.
Since January of 2018, operations of the company have reached up to the central area of Ciego de Avila. In Cuba, the first long distance oil well was the Varadero 1000 and today there are already a total of nine active wells with this technology in Cuba.
The Cuban energy system depends almost completely on petroleum although the nation is working towards sources of clean energy.
At this time, Havana is looking for alternative providers in light of the reduction of shipments of crude at subsidized prices from Venezuela, its main regional ally
According to some estimates, in the last two years, Venezuela has reduced its shipments down to fifty-five thousand barrels daily, about half of its peak shipments because of its economic crisis and the fall of the price of petroleum.
Recently the Island announced a new petroleum supply agreement in exchange for medical assistance with Algeria, which in 2017 brought some 2.1 million barrels of crude to Cuba, an amount that could be repeated this year, according to involved sources.
Russia also came to the aid of its former ally and shipped, this past year, 200,000 tons of petroleum for the Cuban company Cubametals under an agreement between the governments of Moscow and Havana.
The Russian state petroleum company Rosneft has also negotiated the development of future projects in conjunction with the production of petroleum within Cuba on land as well as in the ocean.
Translated by William Fitzhugh (Welcome back, from HemosOido!)
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