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Melbana Energy reports
on drilling at Alameda-1

Melbana Energy has provided an update on
drilling operations at its Alameda-1 exploration
well in the Block 9 contract area onshore Cuba.
Overnight drilling reached a depth of approx-
imately 3,590 metres MD (3,420 metres TVD),
at which point a lithology change was detected,
potentially signifying the bottom of the reser-
voir. As a result, the decision has been made to
call total depth for the current 8.5-inch section
(N structure) to preserve the oil already found
in this section.
The interval just drilled commenced at
approximately 3,077 metres MD (2,970 metres
TVD), indicating a potential gross reservoir
interval of possibly as much as 500 metres MD
(450 metres TVD). The gas behaviour in this
interval was better than anticipated and there
have been significant oil shows present through-
out on the shale shakers and in cuttings samples. north of Campos Basin. The contracts follow the flowing the first commercial oil from a new well
Drilling of this section commenced with a mud same parameters of the letters of intent signed in the Concession for the first time in the last 12
weight of 1.54 sg and had to increase up to 1.73 in November 2021. The unit is expected to start years.
sg to maintain well control. production in the fourth quarter of 2024. It is early days and the Company is in the
Preparations are now underway to log the The unit will have the capacity to process process of testing to assess optimum steady
section just drilled, which should give a better 100,000 bpd of oil and 5mcm per day of gas. The state levels and performance. The positive news
understanding of the hydrocarbons that have chartering and service contracts will last 22 years is that the well is successfully cleaning up and
been encountered. and 6 months from the unit’s final acceptance. producing 90% oil with little water. Further
Following the completion of logging of this The project foresees the interconnection of announcements will be made after the well has
section the 7-inch liner will be set before drilling 17 wells to the FPSO, nine of them oil producers been stabilised.
ahead into the deeper zone with a 6-inch hole and eight water injectors. Well DP-2003: The second well in the pro-
to test the Alameda structure - the second and About the Parque das Baleias Integrated gramme is being tested with results expected to
largest primary target for this exploration well. Project: The Parque das Baleias area is formed be able to be announced by the end of this week.
Melbana Energy’s Executive Chairman by the Jubarte, Baleia Anã, Cachalote, Caxaréu, Secondary recovery project Puesto Flores
Andrew Purcell commented: “This well is Pirambú and Mangangá fields. The first field, Concession, Rio Negro: One of the important
not affording much chance for rest for our Jubarte, was discovered in 2001. In 2019, Petro- objectives in Rio Negro is to mitigate natural
hard-working team here on the ground in Cuba, bras and the National Agency of Petroleum, production declines in mature fields as well as
but no one is complaining, given what this well Natural Gas and Biofuels (ANP) entered into an sweeping as much oil as possible to enhance total
continues to tell us. We’re all looking forward to agreement to extend the concession term until recovery factors in a profitable way.
the results of the forthcoming logging program 2056 for the new unified Jubarte field, which The Company has previously announced
to learn more about this extensive oil interval makes it possible to implement the new produc- a successful pilot waterflood programme in a
we’ve intersected.” tion system of the Parque das Baleias Integrated small part of the field. President has now received
Melbana Energy, February 7 2022 Project, in addition to complementary projects a detailed plan from independent experts which
in the area. Currently, four platforms are in oper- is optimistic that a successful secondary recov-
Petrobras signs contracts ation: P-57, P-58, Cidade de Anchieta FPSO, and ery campaign to fulfil those key objectives can be
Capixaba FPSO, the latter operating only until achieved. This comprises of both utilising exist-
on FPSO for Parque das 2022. ing wells and drilling new injector wells.
This is not an overnight process nor will there
Petrobras, February 7 2022
Baleias Integrated Project be instantaneous results as with all waterflood-
ing. The Company will now proceed to obtain
Petrobras, following up on the release disclosed President Energy provides all necessary consents and make preparations to
on November 12, 2021, informs that today it operations update roll out the project on a step by step basis in the
signed the contracts with the companies Yin- Puesto Flores field. The field work and injection
son Bergenia Production and Yinson Bergenia AIM-listed President Energy has provided an subject to consents is projected to start mid this
Serviços de Operação LTDA, both from Yinson update on its operations in Argentina. year with results of the first section of injections
Production PTE Group, for the chartering and Salta operations update, Well DP-2001: likely to be seen in twelve months. It is necessary
provision of services of the Maria Quitéria FPSO The first of the wells drilled in the current to review progress and pressure response at each
for the Parque das Baleias Integrated Project, to programme at the Dos Puntitas field, Puesto stage.
be installed in the Jubarte Field, located in the Guardian Concession is now in production and President Energy, February 7 2022

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