Sherritt has a 25-year history of exploring and producing oil and gas primarily from fields in Cuba. During this time, we have developed an expertise and proven ability to find, develop and produce oil in Cuba’s complex fold and thrust-belt reservoir.

Oil and Gas is not currently producing or exploring for oil and gas in Cuba but provides ancillary drilling services to a customer and CUPET. The wells drilled for CUPET provide gas to Energas for power generation.

Sherritt currently has an interest in two production-sharing contracts (“PSCs”), each in the exploration phase, and has continued its efforts to seek an earn-in partner to develop the exploration blocks or to otherwise extract value from Sherritt’s interests and expertise in oil and gas in Cuba.