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Madagascar Oil is a privately held company with the largest position in onshore exploration and development in Madagascar.
In 2004 Madagascar Oil acquired the rights to operate five blocks in Madagascar, all of which had been studied in prior years. Two of the blocks; 3102 Bemolanga and 3104 Tsimiroro had been the subject of prior development efforts by several companies dating back to the early 1900’s. The other three blocks; 3105 Manambolo, 3106 Morondava and 3107 Manandaza experienced various partially successful exploration efforts over the prior 40 years, none of which led to development.
Madagascar Oil has taken Bemolanga and Tsimiroro from the level of interesting potential to the point of defining significant oil resources in a field development area on each of the blocks. Work is continuing on Manambolo, Morondava and Manandaza to further define the prospects and identify potential drilling locations.
The five Madagascar Oil blocks represent an area of approximately 31,000 square kilometers (7.7 million acres). Each of the blocks comprises 4,000 to 7,000 square kilometers. The Bemolanga Field bitumen mining project and the Tsimiroro Field steam project are highlighted in Blocks 3102 and 3104.
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