Petrobras signs agreement with Companhia Cubana de Petróleo

Jan. 16, 2008

Petrobras and the Companhia Cubana de Petróleo (Cupet) have signed a wide-ranging exploration and production, lubricant, refining, maintenance, research and development, and human resource cooperation agreement.

Offshore staff

RIO DE JANEIRO, Brazil -- Petrobras and the Companhia Cubana de Petróleo (Cupet) have signed a wide-ranging exploration and production, lubricant, refining, maintenance, research and development, and human resource cooperation agreement.

Specific Memorandums of Understanding have been signed to define the stages and deadlines for viable projects. In exploration and production, the agreement foresees the assessment of offshore blocks in the Cuban sector of the Gulf of Mexico. The Cuban government has been authorizing foreign companies to operate in that region since the late 1990's.

01/16/2008