Bud's Offshore Energy (BOE)

According to CubaStandard.com, we can add Petronas, with Gazprom as a major partner, to the list of companies that will be drilling offshore Cuba next year.  So, as best we can determine, beginning in 2011 the following companies will be using Saipen’s Scarabeo 9 to drill wells offshore Cuba:

1. Repsol (Spain) with Statoil (Norway) and ONGC (India) each holding a 30% interest
2. PdVSA (Venezuela)
3. Petronas (Malaysia ) with Gazprom (Russia) holding a 30% interest

Contrary to our energy, economic, and environmental interests, the US continues to prohibit governmental consultations on these important issues and participation by US companies in any aspect of Cuban offshore operations.