MAY 6.67% 3.2¢ melbana energy limited

Ann: Block 9 Commencement of Alameda-3 drilling, page-75

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  1. 1,313 Posts.
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    Cuba currently has a shortfall of 103,000 barrels per day. Varadero Field is the largest with 10.5 -14.3API) so worst case any oil can be used in Cuba.
    24.0 API was found at marti and 24.5 at Guadal 1 (diagram below) and that is what they are expecting to find with the current appraisal


    AP stated that 1b 19.0API oil (with no sulphur) is of export quality


    Barrels per DayGlobal Rank
    Oil Production49,73764th in the world
    Oil Consumption153,00064th in the world
    Daily Deficit-103,263
    Oil Imports105,396

    https://hotcopper.com.au/data/attachments/5829/5829040-58eb83fe9fb3ce57518a853236f08eb5.jpg


    Production from Varadero
 
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