MEO Australia completes negotiations for PSC in Cuba (Scandinavian Oil-Gas Magazine)

MEO Australia completes negotiations for PSC in Cuba

Published Dec 5, 2014

MEO Australia Limited has completed negotiations for 100 percent participating interest in a Production Sharing Contract (PSC) in the Republic of Cuba (Cuba).

Detailed terms of the PSC have been agreed with the Commercial division of Cuba Petroleo Union (CUPET) and final PSC documents have been initialled by MEO and CUPET.

Official execution and award is subject to final regulatory approval. MEO has been in discussions with CUPET since qualifying as an onshore and shallow water operator in early 2013.

Tags: MEO Australia Limited

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