Work on the surface development planning was also progressed during the year, with an engineering study of the existing Alameda-2 temporary facility being conducted. The study recommended modifications to facilitate safe production operations over a longer term than the original temporary test facility had been designed to accommodate. These recommendations will also be carried over to future well-site facilities until such time as a central production processing and storage facility is justified, designed and constructed. The Joint Operation remains focused on near-term commercialisation of the PSC, taking a pragmatic approach to the simultaneous appraisal and development of the field. This methodology is often used onshore and will allow oil to flow to market quickly, continue to de-risk and upgrade the contingent and prospective resources, and with revenues supporting future field development costs. Initially, the development drilling activities are planned and proposed within the Unit 1B reservoir in the eastern area of the field in which McDaniel & Associates Consultants LLC (McDaniel), a Canadian based independent certifier of oil and gas reserves and resources with experience of Cuban geology, assessed the Company’s Block 9 contingent resource. Continued success in these wells will then lead to further drilling to the west in the adjacent Unit 1B area currently defined by McDaniel and Associates as a prospective resource. Figure 6 - Planned Unit 1B wells targeting 1C resource in eastern part of Amistad field With our oil inventory building following the establishment of continuous production from Alameda-2 it remains our goal to deliver our first export in 2025. It is hoped that Amistad-2 will contribute to the volume of oil that is exported. Directors’ Report continued 16 Melbana Energy Limited Annual Report 2025
RkJQdWJsaXNoZXIy MjE2NDg3