Where does Madagascar Oil hold interests?
Madagascar Oil is focused on the development of heavy oil and conventional oil and gas deposits in five onshore blocks in Madagascar. The Company has significant exploration and development rights for oil and gas in Madagascar. Over the last five years, Madagascar Oil’s two principal fields, Tsimiroro and Bemolanga, have been shown to have multi-billion resource volumes in place. Recent field tests and studies suggest that a large portion of the Company’s Tsimiroro heavy oil assets have excellent potential for economic development.
Where can I find the latest information on Madagascar Oil’s operations?
Please see the Operations section on our website or the Company’s latest Annual Report or the latest Company Presentation
Where can I find the latest Annual Report?
Please see our Annual Report
Where can I find information about Career Opportunities?
For more information about career opportunities for Madagascar Oil please contact us.
Where can I find information about becoming a Supplier/Vendor?
For more information about becoming a Supplier/Vendor for Madagascar Oil please contact us.
What is the history of Madagascar Oil?
What is the difference between conventional and heavy oil?
As defined by the U.S. Geological Survey (USGS), heavy oil is a type of crude oil characterized by an asphaltic, dense, viscous nature (similar to molasses), and its asphaltene (very large molecules incorporating roughly 90 percent of the sulfur and metals in the oil) content. It also contains impurities such as waxes and carbon residue that must be removed before being refined.

In comparison with heavy oil, light or “conventional” oil flows naturally and can be pumped without being heated or diluted.

Light oil is characterized by an API gravity of at least 22°, and extra-heavy oil has an API gravity of less than 10°.

Natural bitumen, also known as oil sands, shares the characteristics of heavy oil but is even more dense and viscous – with a viscosity greater than 10,000 cP.

Heavy oils typically are not recoverable in their natural state through a well or by ordinary production methods. Most require heat or dilution to flow into a well or through a pipeline.

For more info visit Rigzone

Madagascar Oil uses Steam Flooding process to extract its heavy oil.

How much oil does Madagascar Oil have?
We have approximately 1.7 billion barrels of contingent resource available.
What is contingent resource?
*Contingent Resources:

These are resources that are potentially recoverable but not yet considered mature enough for commercial development due to technological or business hurdles. For contingent resources to move into the reserves category, the key conditions, or contingencies, that prevented commercial development must be clarified and removed. As an example, all required internal and external approvals should be in place or determined to be forthcoming, including environmental and governmental approvals. There also must be evidence of firm intention by a company’s management to proceed with development within a reasonable time frame (typically 5 years, though it could be longer). Adapted from SPE Petroleum Resources Management System

Who is the potential market for Madagascar oil?
Madagascar Oil’s has the opportunity to supply locally for two primary markets:

1) Local market supplementing electric generation and other businesses; and

2) International market – especially into the international distribution for bunker fuel and the marine markets