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US: Repsol's Cuba Drilling Rig Complies With Safety Standards

January 9, 2012

The Wall Street Journal

HOUSTON (Dow Jones)--U.S. officials said Monday a rig operated by Spain's Repsol YPF SA (REP.MC) that is expected to drill offshore Cuba in the coming months complies with international and U.S. safety standards.

"U.S. personnel found the vessel to generally comply with existing international and U.S. standards by which Repsol has pledged to abide," the Bureau of Safety and Environmental Enforcement said in the press release. The agency, however, noted that the vessel review "does not confer any form of certification or endorsement under U.S. or international law" and that the U.S. has no legal or regulatory authority over the rig.

The vessel, named Scarabeo 9, was inspected off the coast of Trinidad and Tobago and it will begin drilling a deep-water oil well later this year about 100 kilometers off the Florida Keys. 

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