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Why Has Melbana Energy Halted Drilling on Amistad-11 in Cuba?

9:36am on Friday 5th of December, 2025 AEDT Energy
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Why Has Melbana Energy Halted Drilling on Amistad-11 in Cuba?

9:36am on Friday 5th of December, 2025 AEDT
Key Points
  • Amistad-11 drilling deferred due to Sonangol’s funding shortfall
  • Sonangol unable to remit payments within 2025 budget year
  • Melbana issues Notice of Default under Joint Operating Agreement
  • Potential forced assignment of Sonangol’s 70% interest if unresolved
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