Pebercan Inc.

Pebercan Inc.

Pebercan has decided to can it. Pebercan explored for and developed oil and gas reserves in Cuba through a partnership with Cubapetroleo (CUPET), the Cuban national oil company. Through subsidiary Peberco Limited, the group held exploration rights to five onshore concessions covering 6,055 sq. km. Although Pebercan sold all of its production to the Cuban government, it was not subject to any restrictions on the sale of its oil. However, the operations did not prove commercially viable and in 2009 Pebercan pulled out of its contract with CUPET and moved towards liquidation. For the year ended December 31, 2008, the total production of Block 7 reached 6,938,426 barrels, for an average of 19,009 barrels per day. Pebercan's net share of Block 7 totalled 2,306,976 barrels, for an average output of 6,320 barrels per day.

Contact Details

Office Address

Pebercan Inc.
750 Blvd. Marcel Laurin,Ste. 106
Saint-Laurent, Quebec, Canada H4M 2M4
Phone: (514) 286-5200
Fax: (514) 286-5177

Executives

Chairman

Michel Reybier

President, CEO, and Director

Christopher Ranger

Business Reviews for Pebercan Inc.

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