Zarubezhneft to sign oil agreement

Zarubezhneft to sign oil agreement

Russian state oil company Zarubezhneft expects to sign a contract June
24 for a recovery project at the Boca de Jaruco onshore section, news
agency Interfax reported.

Under the agreement, the company will introduce oil recovery technology
at the Boca de Jaruco onshore oil field, a Zarubezhneft executive said
at a conference. The Boca de Jaruco area has produced sulphur-heavy oil
for decades.

In a first stage, the company will use steam technology, which it is
planning to begin testing in August at its Orenburg field in Russia.
Cuba will be the first testing ground overseas for the new technology.

http://www.cubastandard.com/2011/06/23/zarubezhneft-to-sign-oil-agreement/