Havana, August 22 (RHC/BNamericas)-- Melbana Energy of Australia has begun field work on its Block 9 acreage in Cuba, with local contractors undertaking initial site surveys around the proposed Alameda-1 well location, the nearby supporting campsite and local access roads, said a company press release.
The Melbourne-based company was awarded an eight-month exploration extension for the block by Cuba's local oil firm Cupet.
Melbana had said in April it would accelerate drilling at the block, and plans to drill two exploration wells. The company described commencement of field survey work in Block 9 as a significant milestone in preparation for the drilling of the wells, in mid-2018.
Quoted by the business publication Bnamericas, Melbana managing director and CEO Peter Stickland said on Tuesday they were looking forward to advancing on the required regulatory steps to support their exploration program. The company said in its earnings report for the second quarter of the year that it estimated the Cuba block to have an exploration potential of 12.5 billion barrels of oil-in-place, with a prospective resource of 637 million barrels.
Australia's Melbana Energy Says Field Work on Cuba Block Beginning
Related Articles
Commentaries
MAKE A COMMENT
All fields requiredMore Views
- Secretary General of UN Tourism arrives in Cuba
- Tigres de Ciego and Leñadores de Las Tunas for retaliation in the Baseball Series
- New Freedom Flotilla to set sail for Gaza in defiance of Israel's naval blockade
- Thousands march through the streets of Madrid to demand Spain stop arms sales to apartheid Israel
- U.S. political prisoner Mumia Abu-Jamal turns 70, imprisoned for more than 42 years