Melbana finalises Cuban IOR PSC

MELBANA Energy has finalised a contract for incremental oil recovery with Cuban national oil company CubaPetroleo that will give the Aussie junior an “accelerated path” to becoming a local producer and booking its first Cuban reserves. 

Melbana finalises Cuban IOR PSC Melbana finalises Cuban IOR PSC Melbana finalises Cuban IOR PSC Melbana finalises Cuban IOR PSC Melbana finalises Cuban IOR PSC

Santa Cruz ground operations

The Santa Cruz oil field has been in production since 2006 and had an initial estimate of up to 100 million barrels of recoverable oil. 

 

It produced under 1...