Cuban oil work moves toward exploration phase

12 Oct 2017   Cuba

Geological surveys of an inland oil basin in Cuba are completed and work will now continue toward exploration drilling, an Australian energy company said. Melbana is one of the few Western companies, and the only one listed on Australia’s stock exchange, with an established footprint in Cuba. The company said it completed a work program for its Block 9 basin in Cuba, which involved geological surveys of the area, and was ready to move on to an exploratory phase. “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 […]

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