Cuba Block 9 - World Class Exploration Acreage
The Block 9 Production Sharing Contract (“Block 9 PSC”), covers 2,344km2 onshore on the north coast of Cuba, 140 km east of Havana in a proven hydrocarbon system and along trend with the multi-billion barrel Varadero oil field.
Melbana Energy is prequalified as an onshore and shallow water operator in Cuba and was awarded a 100% participating interest in the Block 9 PSC on 3rd September, 2015.
Independent Expert McDaniel & Associates Consultants Competent Persons Report (30 June 2018) recently estimated Block 9 Oil in Place as ~15.7 billion barrels (best estimate) with recoverable prospective resource of 718 million barrels (best estimate).
Melbana Energy has a 30% interest in a two well exploration drilling program planned to commence in Q4 2020 that will test over 235 million barrels of prospective resource (best estimate). Its partner for this drilling program is Sonangol, the National Oil Company of Angola.