About
We Are Pioneers
Madagascar Oil is Madagascar’s leading and longest operating oil and gas company having been in country since 2004.
In 2015, the Company was the first oil and gas company in Madagascar to advance an upstream oil and gas exploration project to the development phase when it was awarded a 25-year development license for Block 3104 (Tsimiroro).
This award represents Madagascar’s first Production Sharing Contract to enter the development phase. Additional extensions to the original 25-year license enable a potential development period of up to 50 years, provided production remains commercial.
We Have A World Class Reserve
The Company’s principal asset, Block 3104, is a world-class reserve.
Block 3104 is huge, covering an area of 6,670km2, and contains the Tsimororo structure, a massive structure spanning 57km north-south and up to 12km east-west. It lies approximately 100km in-land from Maintirano on the west coast of Madagascar (220km by road) and 275km west of the capital Antananarivo (360km by road).
The Company has a 100% working interest in the Production Sharing Contract covering Block 3104. This interest is held through its wholly owned Malagasy subsidiary, Madagascar Oil S.A.
We Are Production And Logistics Ready
Madagascar Oil is now embarking on the first phase of development of the 1.7 Billion Barrel oil deposit identified at Tsimiroro.
The development will involve the deployment of a large scale, multi-phase steam flood operation which is expected to be one of the largest steam flood oilfields in the world.
Madagascar Oil is fully committed to working with the Government and people of Madagascar in commercially developing the Tsimiroro asset for the benefit of all stakeholders and placing Madagascar in the league of significant oil producing countries.
The Company has completed a delivery management plan and procured a flexible and versatile logistics fleet designed to supply both the domestic and export market. The Company’s first commercial deliveries are expected to commence in 2H 2021 transitioning the Company into full commercial development.
