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CUPET to Launch Bid round in December 2018

Source: www.gulfoilandgas.com 7/3/2018, Location: South America

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La Union Cuba-Petroleo (CUPET) will launch a formal bid round at the 2nd Cuba Energy, Oil and Gas Conference taking place between 4-7th December 2018 at the Melia Cohiba, Havana.

CUPET is calling on all international IOCs, operators, service providers and companies throughout the value chain to convene in Havana over four days of strategic and technical networking and business development. Delegates to the 2nd Cuba Energy will receive an exclusive insight into the very latest information and analysis provided by CUPET and industry experts; including a workshop focused on BGP's extensive survey and recent results from the Cuban sector of the Gulf of Mexico.

CUPET has continued with hydrocarbon exploration efforts, both on and offshore. Among these actions excels the biggest ever offshore 2D Multi-Client survey acquired by BGP Offshore in the Cuban Economic Exclusive Zone. Newly released 26,880km of 2D PSTM and PSDM data are available to license from BGP, including 21,000 KM in the Cuban sector of the Gulf of Mexico. Preliminary results reveal deep and high-quality information under the sea bed.

In order to show and promote this new data, CUPET and BGP announce opening a data-room within the frame of the international event. Coincidentally as part of the event, CUPET will announce an international bidding round for available offshore blocks in the Cuban Economic Exclusive Zone.

The timing and importance of Cuba Energy Oil and Gas 2018 is crucial and has been set to bring together senior oil and gas leaders and experts in their field to discuss and debate the future of oil and gas exploration and production in Cuba, providing an exclusive in-depth insight into the opportunities and the priorities for domestic and international investors and suppliers.

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