Cuba to host Earth Sciences Convention next month
- Submitted by: manso
- Business and Economy
- 03 / 31 / 2011
HAVANA, March 30 (NNN-AGENCIES) - Cuba will show its oil potential in its exclusive economic zone in the Gulf of Mexico at the Fourth Convention of Earth Sciences here next month.
Organisers said the convention on April 4-8 will bring together more than 700 specialists in Geology, Mining, Geophysics, Metallurgy, Hydrogeology and Petroleum to discuss issues concerning gas exploitation, deep water extraction and oil refining.
During the Third Cuban Congress of Oil and Gas, one of the workshops held in parallel with the convention, experts would discuss Cuba's oil potential, said Manuel Iturralde, president of the Organising Committee and head of the Cuban Society of Geology (SCG).
Cuba had an oil production capacity of about four million tons last year and drilled 25 wells this year, an oil sector source said.
Cuba's economic zone covers an area of 112,000 square kms with 59 blocks in the southeastern Gulf of Mexico. Official figures put the country's oil potential reserves at about 20 billion barrels, sources said. -- NNN-AGENCIES
Source: http://www.namnewsnetwork.org/v2/read.php?id=152838
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