Country Report
Cuba upstream summary
Report summary
Cuba is located 60 miles south of Florida and is one of the few oil producers in the Caribbean. Drilling activity has historically been concentrated onshore in Cuba's heavy oil belt along the northern coast. Crude output averages under 50,000 b/d and is insufficient to meet domestic needs.Soviet oil exports helped meet domestic demand, and technical support aided exploration and production following Fidel Castro's 1959 communist revolution and nationalisation of oil production. ...
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
-
Geology
- Introduction
-
North Cuba basin
- Source
- Reservoir
-
Exploration
- Licensing
- Early licensing
-
Licensing from the 1990s
- Onshore and nearshore
- Offshore
-
Drilling
- Drilling activity
- Recent activity
- Reserves and resources
-
Production
- Oil/liquids
- Gas
-
Infrastructure
-
Oil infrastructure
- Pipelines and ports
- Refineries
- Venezuelan support
- Gas infrastructure
-
Oil infrastructure
-
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- State participation
-
International boundaries
- US embargo
- US/Cuba oil spill collaboration agreement
- Licensing
-
Fiscal terms
- Overview
- Current fiscal terms
-
Production sharing contracts (PSCs)
- Royalty
- Cost oil/gas
- Profit oil/gas
- Rentals
- Corporate income tax
- Signature bonuses
- Export duty
- Domestic market obligations (DMO)
- Exploration costs
- Methodology
- Marginal Government Take Calculation
- GEM Models
Tables and charts
This report includes 10 images and tables including:
- Key facts: Table 1
- Country Map
- Map of Basins
- Infrastructure Map
- Geology: Image 2
- Map
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
What's included
This report contains:
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