February 26, 2011
How could this be (sarcasm emphasized)?
The "experts" had assured us that Cuba would be drilling for oil in the Florida Straits by 2004. And again by 2010. And now by 2011.
Yet, the great Cuban oil hype continues.
My bet is that whenever (if ever) this rig infamous gets completed, it'll end up in Equatorial Guinea.
Ironically, news of this latest delay came as "experts" released another report insisting that the U.S. help Castro become a petro-dictator (as a opposed to a broke dictator).
From Reuters:
Arrival of Cuba offshore oil rig delayed again
Delivery of a Chinese-built drilling rig that will open the first full-scale exploration for oil in Cuban waters looks unlikely until at least August in the latest delay to beset the project, sources said this week.
They said an inspection of the newly-built, high-tech rig had been ordered to make sure it was in good shape after taking on water in transit from the Chinese shipyard where it was built to Singapore for completion in October.
The rig -- the Scarabeo 9, owned by Italian oil service firm Saipem SPLM.SI -- had been expected to arrive in Cuban waters in late June or early July after several earlier delays postponed its original delivery date of September 2009.
If the inspection turns up problems that need repair, the latest delay could stretch beyond August, sources said.
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