Friday, April 15, 2011

BOEMRE monitors Cuban offshore

US Bureau of Ocean Energy Management, Regulation, and Enforcement Director Michael R. Bromwich quietly included Cuba as he emphasized working with other countries in developing better offshore oil and gas regulations.

Working with Cuba’s regime poses a challenge since the United States does not recognize it. Repsol YPF SA, which is leading a consortium planning to drill its first well off the island nation’s coast, is another matter. The Spanish multinational reached out to BOEMRE some months ago to discuss its plans to drill off Cuba, Bromwich said told reporters on Apr. 12. Talks are continuing, he added.

“The places to be drilled are close to Florida’s coast, and in the loop current, so we will be watching them closely,” noted US Interior Secretary Ken Salazar, who also participated in the briefing at the Interior Department's headquarters.

Petroleum ministers in Mexico and Brazil told him that the Apr. 20, 2010, Macondo well accident and crude oil spill shocked the world, and that they were very interested in implementing more effective regulations, he continued.

“Most companies operating in the US deepwater operate globally, so the new standards we are requiring can be implemented worldwide,” Salazar said. That apparently could be the case in Cuba.


Anonymous Stuart Hampton said...

It seems to me that Cuban offshore waters could be a profitable new oil patch. It would be a pity if the old embargo prevents US oil companies from cashing in on it.

April 26, 2011 at 1:58 PM  

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