Total Farms into the Bemolanga Heavy Oil License in Madagascar

Total has signed an agreement with Madagascar Oil S.A. to farm into the Bemolanga license with a 60% interest.

Located onshore in western Madagascar, the 6,500-square-metre Bemolanga license was awarded to Madagascar Oil in 2004. The license contains heavy oil in place that were evaluated at 10 billion barrels during earlier drilling operations and that can be developed using mining technology.

Following the transaction, Total will operate the license. During the initial appraisal phase, additional core drills will be drilled to determine the license's potential. A production pilot will be set up in a second phase to confirm the development parameters before considering a large scale development of the license.

Taking advantage of its experience acquired in Venezuela and in Canada where the Group already holds significant resources of heavy oil, Total is expanding its development strategy in this segment of the industry. Developing the heavy oil is essential to guarantee the supply to the world markets within the next decade.

Total is already active in Madagascar in marketing, aviation fuel and petroleum product logistics.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Controls Specialist
Expertise: Project Management
Location: Minneapolis
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: West Sacramento, CA
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: Denver, CO
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours