CORRECTED-Cuba says to drill for oil in deep water despite low prices

Cuba-Petroleo (Cupet) will drill exploratory wells as deep as 7,000 meters (223,000 ft) in waters of up to 3,000 meters in production sharing contracts with Venezuelan state oil company PDVSA and Angola's Sonangol.

http://www.reuters.com/article/2015/10/22/cuba-oil-idUSL1N12J1OE20151022