Melbana Spuds Alameda-1 Exploration Onshore Cuba

Source: www.gulfoilandgas.com 9/14/2021, Location: South America

Melbana Energy has spudded the Alameda-1 exploration well on 13 September 2021, Cuban time.

The Alameda-1 well, being drilled in Block 9, will test three separate targets with a combined prospective resource (best estimate) of 141 million barrels of oil. Conditions at site are good and an additional 14 containers of contractor materials and equipment arrived at port on schedule on 13 September and are in the process of clearing customs and being transported to site. Additional Melbana personnel have also now arrived in country to supplement the capabilities of the project management team.

Melbana Energy’s Executive Chairman, Andrew Purcell, commented:
'This has been a long-anticipated day and our thanks and appreciation go out to all those members of our project management team that have toiled so tirelessly over many months to ensure that we commenced drilling on schedule. We will provide regular updates as drilling progresses.'

According to information on the Melbana web site, Almeda-1 is the first well in a two well drilling campaign estimated to cost in excess of US$30 million which is being funded 85% by Sonangol, via a farm-in, and 15% by Melbana.


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