PDVSA is lined up to get access to the sixth generation ultra-deepwater rig after Petronas of Malaysia finishes drilling its current well.
PDVSA president and Venezuelan Oil Minister Rafael Ramirez recently confirmed to Upstream that the state-owned oil company will drill.
PDVSA has indicated several times over the past couple of years that it will drill off Cuba.
“This is more about politics than economics,” said Latin American expert Jorge Pinon, a research fellow at the Center for International Energy & Environmental Policy at the University of Texas, Austin.
Venezuelan
