Country Report

Cuba upstream summary

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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 45,000 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
    • Introduction
    • North Cuba basin
      • Source
      • Reservoir
    • Licensing
    • Early licensing
    • Licensing from the 1990s
      • Onshore and nearshore
      • Offshore
    • Drilling
      • Drilling activity
      • Recent activity
  • Reserves and resources
    • Oil/liquids
    • Gas
    • Oil infrastructure
      • Pipelines and ports
      • Refineries
      • Venezuelan support
    • Gas infrastructure
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • International boundaries
      • US embargo
      • US/Cuba oil spill collaboration agreement
    • Licensing
    • 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)
      • 4 more item(s)...

Tables and charts

This report includes the following images and tables:

  • 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:

  • Document

    Country Overview

    PDF 17.70 MB

  • Document

    Country Overview

    XLS 276.50 KB