multiclient@bgp.com.cn +86 22 66225097  Chinese
News
Cupet Shall Launch the First Offshore License Round in June

 Unión Cuba-Petróleo (CUPET) has the mandate to carry out all kind of operations within the Oil & Gas chain of value in the national territory of the Republic of Cuba. Therefore, CUPET is entitled to join with foreign partners and investors, according to Foreign Investment Law 118, in every possible kind of association authorized by the Law.

 

CUPET is calling Oil Companies, interested in carrying out exploration and exploitation of Hydrocarbon activities in the Economic Exclusive Zone (EEZ) of the Cuban sector in the Gulf of Mexico to present offers for one or more blocks, under Production Sharing Agreements (PSA).

 

 

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Offered blocks for the 1st License Round include 24 blocks associated to highest exploratory potential geological scenarios. Classification criteria are based on available information, mapped leads, sea depths, and estimated risks. All existing information and data packages will be available for registered and qualified companies for the license round. Additionally, the offered area is widely covered by a recent BGP 2D multiclient high resolution seismic. Data packages are available from BGP upon request, as well as the possibility to access Data Rooms in specialized events or online. Additionally, the possibility to participate in existing Farm-out projects remains open by direct negotiation with operating companies PDVSA and Sonangol, and with CUPET support. Companies may participate independently or associated in trusts of two or more companies.

 

 

 

TIME LINE 

 

                                                                                                             

       Official announcement                          June 3rd, 2019

       Road Shows

             I. London                                         June 3rd, 2019 (Data room)

             II. & III to be announced                  August – October, 2019

             IV. Havana                                       November 26th, 2019

 

       License Round Registration                  Until January 10th, 2020

 

       Inquiries and clarifications                     Until January 31st, 2020

 

       Company Qualification at ONRM          Until May 29th, 2020

 

       Bidding Process                                    Until May 29th, 2020

 

       Bid Evaluation                                       June 29th, 2020

 

       License Award                                      July 1st, 2020

 

 

CONTACT DETAILS

 

Interested Companies may contact CUPET at:

       Comercial CUPET S.A.

 

       Calle 42, # 3311 e/ 33 y 35. Reparto La Sierra, Playa, La Habana. Cuba.

 

       Tel.: +537 2049069, E mail: bidrounds@cupet.cu & business@cupetsa.co.cu

       Web: www.cupet.cu

 

For BGP 2D multiclient seismic contact:

 

       Jingwei Xu | Geophysicist | Deputy Manager, Multi-client Department | BGP Offshore, CNPC

 

       M: 0086-16622181686, T:0086-22-66225097

 

       B502, 5th Floor CNPC Building, NO. 83 Second Avenue, TEDA, Tianjin, China 300457

 

       E mail: xujingwei@cnpc.com.cn

 

       www.bgpmulticlient.com, www.bgp.com.cn

 

 

 

BGP provides high quality multi-client data to oil and gas Exploration and Production companies worldwide. Our extensive global geophysical and geological data libraries include multi-client seismic data, magnetic and gravity data, digital well logs study report, BGP also offers advanced processing and imaging services, interpretation products, and data integration solutions.