Country report
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18 Pages

Cuba upstream summary

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 around 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. ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.09 MB 18 Pages, 5 Tables, 5 Figures
  • Country Overview XLS - 233.50 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • 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
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • International boundaries
      • US embargo
    • 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

In this report there are 10 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
  • Geology
    • Map of Basins
    • Geology: Image 2
  • Exploration
    • Map
  • Reserves and resources
  • Production
  • Infrastructure
    • Infrastructure Map
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
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