In 2016, we produced approximately 15,452 barrels of oil per day gross working interest in Cuba with total annual revenue of $108.6 million.
The oil in Cuba is located about 1,500 metres below sea level and we drill directional wells up to 5,600 metres long to pump oil to the surface.
Projects
Sherritt holds its exploration and production rights under production-sharing contracts (PSCs), which are granted by the Cuban government. We currently hold 100% working interests in four PSCs.