|Page (1) of 1 - 05/18/12||email article||print page|
Spanish oil company Repsol says exploratory well off Cuba is unsuccessful, will be abandoned
HAVANA (AP) ' Spanish oil company Repsol says an exploratory well it drilled off Cuba is unsuccessful and will be abandoned.
Spokesman Kristian Rix says the company is evaluating the data to determine what steps to take next. Rix says it's not uncommon to strike out with offshore wells, and four of every five are dry. He also says it's too soon to draw any conclusions about whether other parts of Repsol's exploration bloc are viable.
Rix declined Friday to say how much Repsol has spent in the exploration.