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No. See link. Sinopec has signed a contract for onshore exploratory rights in Cuba. The western block off of Cuban shores in the GOM will be the target for exploration by other foreign companies, including Petrobras (a Brazilian oil company). I don't normally go beyond the question at hand, but there has been so much discussion on this subject (nearly 38,000 hits from the words Chaney China and Gulf of Mexico) l am adding the following: The western block is a big unknown because it lacks wells. Whether anything is found is in this block, frankly, at this juncture, is anyone's guess. There has to be sufficient quantity, flow capacity and quality of oil (past exploration has shown much of Cuba's oil to be heavy oil) to justify the large investments necessary to be commercial. Oil companies routinely discover oil and then walk away from these discoveries because conditions do not permit making a profit from these wells. I know this from 25 years in the business. I've witnessed about 20 non-commercial discoveries.

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Q: Are the Chinese drilling for oil in the Gulf of Mexico?
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