Project Profile
Location: 130 km east of Havana, Cuba
Area: 2,380 km2
Start-up Year: -
Block 9 covers approximately 2,380 km2 of predominantly low lying farmland on the north coast of Cuba approximately 130 km east of Havana. It has an existing petroleum exploration dataset of modern 2D seismic and multiple wells. The block is close to the multi-billion barrel Varadero oil field and contains the Motembo field, the first major Cuban oil field which was discovered in 1881. The exploration phase of the PSC term is split into 4 sub-periods totalling eight and a half years with withdrawal options at the end of each sub-period. The negotiated work program includes a commitment to an initial 18 month exploration sub-period during which existing exploration data in the block will be evaluated and selected seismic reprocessed before electing whether to proceed with a subsequent 24 month exploration sub-period which includes acquisition of new 2D seismic. MEO Australia Limited is the operator of the project with 100% interest.
Operators:
Melbana Energy: Operator with 60% interest
Petro Australis: 40% interest