MEO: Three Cuban Oil Plays Have 8.133 MMbbl Of Recoverable Light Oil
Drilling Activity Details
Geo Coordinate
Drilling Activity Summary
Description
MEO Australia Ltd. announced that three identified oil plays in Block 9 in Cuba have been assessed to contain 8.183 Bbbl of high-quality, light oil in place, with a recoverable estimate of approximately 395 MMbbl. The oil play is on-trend with the multibillion-barrel Varadero oil field. The estimate is only for the first of three plays; two other shallower oil plays also have significant oil potential. According to MEO, there are 15 individual leads in the first play. An accelerated drilling program to explore further potential of the Lower Sheet Play is underway, and assessment of the other two oil play types is ongoing. The 2,380-sq-km production-sharing contract is held by Melbourne-based MEO and is approximately 140 km east of Havana.
Description
MEO Australia Ltd. announced that three identified oil plays in Block 9 in Cuba have been assessed to contain 8.183 Bbbl of high-quality, light oil in place, with a recoverable estimate of approximately 395 MMbbl. The oil play is on-trend with the multibillion-barrel Varadero oil field. The estimate is only for the first of three plays; two other shallower oil plays also have significant oil potential. According to MEO, there are 15 individual leads in the first play. An accelerated drilling program to explore further potential of the Lower Sheet Play is underway, and assessment of the other two oil play types is ongoing. The 2,380-sq-km production-sharing contract is held by Melbourne-based MEO and is approximately 140 km east of Havana.