ExxonMobil Shops Madagascar Interest

Indigo Pool reports that ExxonMobil Exploration and Production (Northern Madagascar) Limited, an affiliate of ExxonMobil, is proposing to farm-out up to 20% interest in the Ampasindava Block, located in the Majunga Basin offshore northern Madagascar.

Recently acquired 2D seismic data has revealed large structures. Water depths range from shallow marine to deepwater. Nearby outcrops indicate reservoir, seal and source -prone intervals.