Melbana keeps its oil program at Cuba's Block 9 suspended until the end of 2026

FinanceInternationalCiberCubaOct 28, 2026, 10:59 AM40 s readAI summary

Australia's Melbana Energy confirmed in its quarterly report filed with the Australian Securities Exchange that the 2026 work program for Cuba's Block 9 remains formally suspended until the end of the year, with no outstanding work commitments under the Block 9 PSC. Only care and maintenance activities took place during the quarter. The company is assessing Cuban regulatory changes and the consequences of CUPET's designation as a US-sanctioned entity in June, and Cuban approval is still pending to transfer the 70% stake previously held by Sonangol.

In 40 seconds

The 2026 work program for Block 9 is formally suspended until the end of the year, according to Melbana's quarterly report.
Operations during the quarter were limited to care and maintenance, with no environmental, safety or health incidents.
Melbana is reviewing legal changes in Cuba and CUPET's designation as a US-sanctioned entity in June.

Read the full story at CiberCuba

IASummary generated by artificial intelligence from a story by CiberCuba. It may contain errors: the original source prevails.

petróleo
Melbana Energy
Cuba
CUPET
Sonangol

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Melbana keeps its oil program at Cuba's Block 9 suspended until the end of 2026

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