State owned companies from India and Norway, have signed on recently to exploration plans by the Spanish petrochemical group Repsol in Cuba's Gulf of Mexico waters.Norway's Norsk Hydro and ONGC Videsh of India will each take on 30 per cent of the risk for drilling, expected to begin in about 18 months."We like what we see and think this area has good potential," said Egil Gloppen, Norsk Hydro executive.
The Financial Express reports that "A CUPET official said the deal confirmed Cuba's offshore potential, adding that the involvement of other countries would make it harder for the US to block exploration."
