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Australian Melbana Energy on a Cuba drilling campaign

By Petroleumworld

Petroleumworld 04 13 2018

Melbana Energy gives an update on its drilling effors in Cuba.

It has completed a tender for the supply of a drilling rig for Block 9 onshore Cuba in late 2018. Bids are currently being evaluated, including options that provide for a 'turn key' type arrangement submitted by an established operating entity in Cuba. This option is potentially attractive for this initial drilling program as it uses established local logistics, materials and service providers.

The procurement process for major service contractors and long lead items has also commenced. Melbana's Cuba based team have undertaken a number of site visits for potential civil works and supporting contractors.

Melbana's Cuba in-country team has been actively progressing permitting activies for the planned two well program in Block 9. Stakeholder engagement is continuing, with town hall type meetings being held with local residents, regional councils and other interested parties for each wellsite. The meetings are an opportunity for local stakeholders to directly hear of Melbana's plans and address any concerns they may have. The program has been well received, with strong support offered by local authorities.

Block 9 farmout activities are continuing , with multiple interested parties engaged in assessing the prospectivity of the Block. In late February, Melbana highlighted Cuba as an investment destination by presenting a technical overview of Block 9 during the international APPEX conference in London. There was solid industry engagement with a number of international industry participants at Melbana's exhibit.

Work on the Santa Cruz incremental oil opportunity (see ASX Release 8 March 2018 ) has commenced, with the technical team developing an initial work plan and commencing activities to indentify opportunities for optimizing oil production with a view to developing a proposed work program as a basis for a commercial negotiation to secure a long term incremental oil recovery contract.

Melbana Energy is an Australian ASX listed, independent oil and gas company that has a portfolio of exploration, appraisal and development stage opportunities in Cuba, Australia and New Zealand.

Source: Melbana Energy

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04 13 2018

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