Chief Executive Officer, Sam Malin, stated, "The company has a very strong onshore acreage position and as we proceed with exploration and move toward first production of oil, we have decided for now to focus our resources on the exploration and development of that existing acreage."
Headquartered in London and domiciled in Bermuda, Madagascar Oil Limited is an oil and gas exploration and production company focusing on development of onshore heavy-oil resources and exploration of onshore conventional oil and gas prospects in Madagascar. Through its subsidiaries, Madagascar Oil SA and Majunga Oil SARL, the company holds production-sharing contract (PSC) licenses for six onshore blocks, including the large Tsimiroro heavy-oil field and vast Bemolanga ultra-heavy oil field. Madagascar Oil has a 50% interest in a seventh onshore block through a joint venture with Tullow Oil.
Most Popular Articles
From the Career Center
Jobs that may interest you