Sherritt to renew exploration,eyes gas sales in northern Cuba

摘要

Sherritt International Corp.,Toronto,plans to resume exploratory drilling in northern Cuba in the third quarter and is considering an increase in its US90 million capital spending plan in light of the current oil price.Capital spending was US46.2 million in the first half of 2004,and first half gross working interest oil production in Cuba Fell 13% to 37,444 b/d.