<p style="text-align: justify;">By Oilprice.com Sep 28, 2011 9:20 am. Spain’s largest oil company, Repsol-YPF, has contracted the massive Italian-made Scarabeo 9 semi-submersible oil rig, currently en route from Singapore, to arrive in the Florida Straits by the end of the year after the end of hurricane season to begin exploring Cuba’s offshore reserves. Repsol-YPF, which drilled Cuba’s first onshore well in 2004, intends initially to drill six wells with the Scarabeo 9 rig. Cuban drilling off the Florida Keys is to begin by the end of the year, and US allies are getting in on the action. Is it time for Washington to soften its stance?
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