Highlights:
- Delivery of 20 tanker loads of oil to storage from early production testing of Unit 1B of Alameda-2.
- Production was run for a total of 10 days, yielding valuable data on the reservoir and logistics performance.
- The well has now been shut in to monitor pressure build up to complete data acquisition for reservoir modelling and field development planning.
- Casing and other inventory for the Alameda-3 Appraisal Well (to test the deeper two geologically independent reservoirs, designated Alameda and Marti) continues to arrive in country ahead of the commencement of drilling operations.
Melbana Energy’s Executive Chairman, Andrew Purcell, commented: “The first phase of
the early production operation from the Unit 1B reservoir in Alameda-2 is complete and it has
delivered a lot of good data. The second phase is now underway, monitoring the pressure
build up after shutting in the well. Together, this will give us more information on this reservoir’s
extent and production characteristics to help us refine our field development plan.
I am heading back to Cuba in a few weeks to review procedures and operational status ahead
of the commencement of drilling of our next appraisal well, the results of which we are all
greatly looking forward to following the excellent outcome of the first appraisal well”.
SYDNEY, AUSTRALIA
Melbana Energy Limited (ASX: MAY) (Melbana or Company), a 30% interest holder in and
Operator of Block 9 PSC onshore Cuba, is pleased to provide this operational update.
Early production from Unit 1B at Alameda-2 is now complete. It was run for 10 days, twice the
total duration of the Drill Stem Test conducted in this unit previously, resulting in 20 tanker
loads of oil being produced and delivered to offsite storage. The flow peaked at 1,183 barrels
of oil per day (BOPD) and was intentionally choked back to ensure a constant rate for the test
period to optimise the collection of reservoir data. The extended period of production also
provided important performance data on logistical arrangements for the transport and storage
of the oil produced.
The produced oil was sampled for Pressure Volume and Temperature (PVT) analysis and
other data obtained were of good quality and are now being analysed by the Company’s
geoscience team and consultants. The well has now been shut in and will remain so for two
times the period of this early production to gain further valuable data on the reservoir’s
characteristics by monitoring the build-up of pressure in the well. The conclusions drawn from
this analysis will be an important factor in the refinement of the development plan, including
well design and spacing, for this upper sheet reservoir.
Preparations for the commencement of drilling of the Alameda-3 Appraisal Well (the primary
objectives of which are the appraisal of the two lower geologically independent oil-bearing
reservoirs intercepted by Alameda-1 - designated Alameda and Marti, respectively) are also
nearing completion, with remaining equipment (casing, well head, other inventory etc.)
continuing to arrive in country.
