|Say hello to my little friend: Scarabeo-9 arrives to begin deepwater drilling off Cuba. Photo courtesy Shipspotting.com.|
The Scarabeo-9, a big semisubmersible drill rig owned by Italian company ENI, just built in China, and currently under contract to the Spanish oil company Repsol, has arrived in the Florida Straits off the north coast of Cuba to begin exploratory oil drilling. The rig will begin its work in exploration block N27 (see map after the jump) just 90 miles from Key West, in water about 6,500' deep. That's 1,500' deeper than the site of the BP / Deepwater Horizon spill in the Gulf in 2010.
[More after the jump...]
|Map of offshore oil and gas exploration blocks in Cuban waters. Scarabeo-9 rig will be drilling soon for Repsol in Block N27 in Florida Straits, about 90 miles from Key West. Map courtesy Cuba Standard.|
Making matters worse, the US trade embargo against Cuba prohibits US spill-response companies and oil companies from providing assistance unless they've received a special license from the State Department. Only a few firms have been licensed at this point -- representing only about 5% of the spill-response capacity that was thrown, with minimal effect, at the BP / Deepwater Horizon spill -- but that's not going to stop the Scarabeo-9 from making hole.
On the hook for a rig-rental fee of more than $500,000 per day, Repsol is unlikely to keep the Scarabeo idle while we get our act together. Time is big money in this capital-intensive business.
We'll be monitoring this area, too, using satellite images. We'll publish here when we get our first image showing the rig on location.