Melbana Energy (ASX:MAY) said the Alameda-2 well at the Block 9 onshore Cuba, for which it is operator and in which it holds a 30% stake, is continuously in production at a managed rate since mid-April, and more than 15,000 barrels of oil from the well are now in storage, according to a Wednesday Australian bourse filing.
The oil production undergoes primary separation on-site before being stored locally. The first trial shipment of oil from the well is anticipated by the end of June.
The intended buyer of the oil is looking into the timing and availability of either a suitable coastal tanker or pooling the cargo with scheduled upcoming exports of larger volumes of crude oil, per the filing.
The firm received all material permits, inventory, and equipment for the Amistad-2 well and completed civil works. Drilling to total depth is expected to take less than three weeks, with completion and testing to follow. The well is the first one at Block 9, specifically designed to maximize production.
Its preparations for the contingent Amistad-3 production well are advanced, with construction of the well pad having begun and drilling permits in the final stages of approval.
The company also received proposals for a planned 3D seismic survey at the block from four international companies, per the filing.