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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.
What else can I help you with?
Is oil drilling allowed in the gulf of Mexico?
currently no
The US tried to settle a dispute on oil and gas drilling in 1997 in which of these?
Gulf of Mexico(Kaylop)
What was the oil tanker doing when it exploded in the Gulf of Mexico?
It was not an oil tanker, but a drilling platform.
What was the name of the oil carrier that exploded in the Gulf of Mexico?
The Deepwater Horizon drilling rig caught fire in the Gulf of Mexico on April 20, while drilling the Maconda well. It is not an oil carrier or tanker.
Why were bp drilling for oil in the gulf of Mexico?
BP was drilling for oil in the Gulf of Mexico because the region is rich in oil reserves, making it an attractive location for oil exploration and production. The Gulf of Mexico has long been considered a major source of oil for the United States, and companies like BP seek to extract oil from this area to meet energy demands.
Is it true that there is oil in the Gulf of Mexico?
Yes. An explosion occurred because of deep-water oil drilling.
The US tried to settle a dispute on oil and gas drilling in 1997 where?
gulf of Mexico
Who was doing the drilling when the oil spilled into the Gulf of Mexico?
British Petroleum employees were involved in the drilling when the oil spilled into the Gulf of Mexico on April 20, 2010. The drilling was part of BP operations off the coastal United States of America. But the platform that became involved in the original, explosive event didn't belong to BP. It was being leased.
How long has bp been drilling for oil in the gulf of Mexico?
since 1940 for 70 years
What cused the gulf of Mexico oil spill?
The drillers were drilling and struck a very pressurized oil deposit in the ground and the oil erupted like a volcano.
What is a bp oil spill in the gulf of Mexico?
The BP oil spill in the Gulf of Mexico was from the Transocean Deepwater Horizon oil drilling rig that exploded and spilled 42,000 gallons of oil into the ocean every day. It finally ended on July 15, 2010.
Which oil company spilled the oil in the gulf of Mexico?
Primary responsibility is BP as they are the operator of the drilling operations. All decisions by Transocean are at the direction of the operator.
