By: OilOnline.
Tuesday, July 03, 2001.
Brazil's Petrobras is reported to have become the latest major oil company
to end exploration in Cuban waters, according to the UK's Institute of
Petroleum. The decision to leave the Cuban market apparently was made after the
company's wildcat well in offshore Block L was a dry hole. The well was drilled
off Cuba's north central coast. Petrobras earlier conducted a seismic program
that indicated the area could contain up to 700 million barrels of crude
reserves. | 
