Foreign Oil Eyes 44 Billion Barrels In Cuba

One of the few foreign energy companies with a presence in
Cuba is now seeking funding for a 2018 exploration drilling
campaign for Block 9, which is expected to hold over 44 billion
barrels of in-place potential oil reserves. Melbana Energy, an
Australia-based oil and gas explorer, has announced a funding round
to finance its 2018 exploration program for Block 9 – an onshore
deposit in Cuba that the company fully owns on a production-sharing
basis with the government. Melbana is one of few energy companies
with a presence in Cuba, and the…

One of the few foreign energy companies with a presence in
Cuba is now seeking funding for a 2018 exploration drilling
campaign for Block 9, which is expected to hold over 44 billion
barrels of in-place potential oil reserves. Melbana Energy, an
Australia-based oil and gas explorer, has announced a funding round
to finance its 2018 exploration program for Block 9 – an onshore
deposit in Cuba that the company fully owns on a production-sharing
basis with the government. Melbana is one of few energy companies
with a presence in Cuba, and the…