Heavy oil production is achieved onshore, mostly from
very poor reservoirs in a series of fields along the northwest coast,
especially at Varadero. Cuban oil output has grown substantially since
foreign companies were introduced in the mid-1990s and after modern
extraction techniques were implemented but little growth is forecast as
technological options are now limited.
There is no offshore oil production in Cuba. There has been some
exploration in shallow waters but no production is forecast due to
Cuba uses low levels of gas where it is locally produced and will
doubtless use progressively more gas associated with its oil in the
future as infrastructure is built.
oil consumption declined dramatically after the break-up of the Soviet
Union and the end of subsidised imports. However, since 1998 consumption
has grown in line with production whilst imports have declined.
Oil imports (from Venezuela) have maintaind Cuban consumption levels,
required as the Cuban economy grows and the tourism industry further
develops. They will begin declining again in 2015 or thereabouts when
higher prices will curtail demand growth.
Cuban gas consumption is forecast to grow slightly in line with its
maximum gas output potential.