A top energy expert is advising the government to closely monitor Cuba's oil drilling exercises, even as the minister responsible confirms an existing boundary dispute. It all has the makings for a potentially explosive territorial war with millions of dollars in oil royalties hanging in the balance.
It's an "interesting possibility that Cuba's North Belt Thrust (a potential area for drilling) could extend into The Bahamas' [Exclusive Economic Zone]," Jorge Piñón, a University of Miami energy fellow and former Amoco Corp. Development Company Latin America president, told Guardian Business this week.
He points to The Bahamas' Cay Sal Bank as the area of vulnerability. It's an uninhabited area of 100 small islands between Andros and Cuba. It's also very close to where both Cuban and Bahamian research indicates significant oil reserves lie just beneath the ocean's floor.
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It's an "interesting possibility that Cuba's North Belt Thrust (a potential area for drilling) could extend into The Bahamas' [Exclusive Economic Zone]," Jorge Piñón, a University of Miami energy fellow and former Amoco Corp. Development Company Latin America president, told Guardian Business this week.
He points to The Bahamas' Cay Sal Bank as the area of vulnerability. It's an uninhabited area of 100 small islands between Andros and Cuba. It's also very close to where both Cuban and Bahamian research indicates significant oil reserves lie just beneath the ocean's floor.
Discuss Add this link to... Bury
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