Scarabeo 9
According to the Miami Herald an Italian rig, the Scarabeo 9, will drill the long-awaited exploratory well offshore Cuba. The article indicates that the new-build rig is expected to arrive in Cuba late this year.
The Scarabeo 9 embodies the latest technology for deepwater drilling operations and is capable of drilling in waters 3,600 meters in depth. Expectations are it will mobilize to Cuban waters during the second or third quarter of 2011 and commence drilling during the third or fourth quarter. (note: the Miami Herald article projects an earlier arrival). Repsol holds the six blocks in the Cuban sector of the Gulf of Mexico in a production-sharing agreement with Union Cubapetroleo (Cupet), the Cuban national oil company. The concession encompasses Blocks N25, N26, N27, N28, N29, and N36, a combined area of some 10,200 sq km along the island’s northwest coast. Repsol is the operator of the six blocks with 40% interest in partnership with Statoil, holding 30% and Oil and Natural Gas Corporation (ONGC) with the remaining 30%.
Bud's Offshore Energy (BOE) 
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