The Cuba Block 9 Production Sharing Contract (“Block 9 PSC”) covers 2,380sq. km onshore on the north coast of Cuba, 140 km east of Havana in a proven hydrocarbon system and along trend with the multi-billion barrel Varadero oil field.
Block 9 has multiple other producing fields within close proximity, including the Majaguillar and San Anton fields immediately adjacent to Block 9 in addition to the Motembo field, the first oil field discovered in Cuba.
Melbana Energy is one of the very few western companies prequalified as an onshore and shallow water operator in Cuba and was awarded a 100% interest in the Block 9 PSC on 3rd September, 2015. Melbana has identified 19 individual prospects and leads with exploration potential for an estimated 12.7 billion barrels of Oil-in-Place and Prospective Resources of 637 million barrels (unrisked Best Estimate, 100% basis).