News listings
Bayphase Oct 2017

energy-pedia exploration

Cuba flagCuba

South America / GoM >>> Cuba

Cuba: Melbana commits to second sub-period exploration program for Block 9


11 Oct 2017

Photo - see caption

Highlights:

  • Melbana completes work program for first exploration sub-period
  • Melbana provides official notice to Cuban regulatory authority of commitment to Block 9 second exploration sub-period

Melbana Energy has provided official notification to Cuban regulatory authorities of its commitment to the second exploration sub-period for Block 9.   

The Block 9 Exploration Period is split into four sub-periods, each with its own work program. Provided Melbana has completed the relevant sub-period work program, Melbana has the option at the end of each sub-period to continue to the next sub-period.   

Melbana has completed the work program for the first sub-period for Block 9, which concludes on  2 November 2017 and included the reprocessing of 200km of 2D seismic survey data and a number of geological studies. The minimum work program for the second sub-period, which commences on  3 November 2017 and continues for two years, includes the drilling of one exploration well in Block 9.   

Melbana is aiming to drill up to two wells in Block 9 and is currently progressing through the detailed planning phase for a drilling campaign presently targeted to commence in mid-2018. Preparatory work has commenced, with local contractors engaged to undertake field survey work, engineering design for the surface facilities and to progress environmental approvals associated with the exploration drilling program.  

Melbana Energy’s MD and CEO Peter Stickland said:  

'Melbana is pleased to provide formal notification to the Cuban regulator of our ongoing commitment to Block 9 based on its world-class exploration potential and we are well placed having already commenced preparatory engineering, permitting, and procurement activities to support the work program and our ambition to drill up to two exploration wells in Block 9 commencing mid 2018.'  

Overview of Block 9 PSC, Onshore Cuba  

Block 9 PSC (Block 9) covers 2,380km2 onshore of the north coast of Cuba. It is in a proven hydrocarbon system with multiple producing fields within close proximity, including the Majaguillar and San Anton fields immediately adjacent to it and the multi-billion barrel Varadero oil field further west (see map).
Block 9 contains the Motembo field, the first oil field discovered in Cuba.  Melbana is prequalified as an onshore and shallow water operator in Cuba and was awarded Block 9 on 3 September, 2015. Melbana’s established position in Cuba provides it with a strong early mover advantage.  

Melbana’s ambition to drill up to two wells in Block 9 in Cuba is consistent with the Cuban national oil company’s announced strategy to accelerate oil exploration.  Cuba’s reported current production is around 45,000 barrels per day of oil and 3 million cubic metres (approximately 100 million standard cubic feet) per day of gas with international operators reporting globally competitive operating costs in Cuba of ~US$7/barrel.  Most of the oil and gas produced is currently used for electricity generation, the demand for which is expected to rise.  

Photo - see caption
Block 9 PSC with high graded drilling targets (Source: Melbana)

Original article link

Source: Melbana Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Publicly Available Deals

See all deals...

Subscriber Only Deals

Current deals: 1661
Completed deals: 4689

Company Profiles

Current Company Profiles: 2521

Corporate Activity

Current Corporate Activity articles: 2945

Companies Looking

Current number of articles: 417

Company Sales

Current Company Sales articles:1184

Geostudies

Current Geostudies articles: 521

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Lynx Information Systems
energy365
EP Consult Energies
Union Jack Oil 149
Government of South Australia
SLR Consulting logo
Rose & Assocs 149
RSK Logo 149
count geophysics
Bayphase
KL Publishing
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com