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Brazil's Petrobras Company is studying Oil Potential in Cuban Waters
Zelada said that the studies are based on a cooperation agreement signed with the Cuban Oil Company (CUPET) at the beginning of 2008, when the Brazilian president was in Cuba, reported DPA.

The study will look at areas in Cuban waters in the Gulf of Mexico.

The Gulf of Mexico waters are divided in equal parts between Cuba, the USA and Mexico and some of the best quality oil in the world is pumped in this area by US and Mexican companies, which makes the Cuban part, almost untouched, a good prospective for good findings. Cuba counts on Petrobras' long experience and technology to exploit this area.


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