Madagascar launches oil licensing round

Madagascar, through state-run firm OMNIS, will be promoting its oil and gas potential to attract new investment in the sector.

The state-run firm worked with TGS and BGP to create an attractive environment for offshore exploration. The announcement was made by Voahangy Nirina Radarson, Director General of OMNIS on November 6 at the NOC Prospect Forum.

The round opened November 7 offering 44 offshore blocks in the Morondava Basin. The round will close on May 30, followed by a three-month awarding period.

For interested parties, roadshows will be held in Houston and London during February. Existing seismic and well data will be available for viewing at the TGS offices, in London and Houston; data packages will also be made available for clients.

Source: Petroleum Africa

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