OMNIS partnership announces opening of Madagascar License Round

11/6/2018

WEST PERTH -- In the framework of the development of Madagascar's oil and gas potential, the Malagasy State through OMNIS continues to promote projects that attract new private investment in the short, medium and long term. OMNIS, together with TGS and BGP, has worked to create an attractive environment for offshore exploration.

Exploration in Madagascar began in the early 1900s, with the discovery of hydrocarbon-rich sedimentary basins in the west, including the Tsimiroro heavy oil field and the Bemolanga tar sands. After over 100 years of exploration, the offshore of this frontier region remains largely under-explored. The Island shares a maritime boundary with Mozambique, a hydrocarbon province where large quantities of natural gas have been discovered.

Studies conducted on new data, in collaboration with TGS and BGP, suggest there is significant potential for future discoveries offshore.

Highlights:

  • Blocks: 44 offshore blocks in the Morondava basin, located on the western margin of Madagascar
  • Timing: The Round is open from Nov. 7, 2018 to May 30, 2019, followed by a three-month awarding period
  • Roadshows: Will be held in Houston on Tuesday Feb. 19, 2019, and in London on Tuesday Feb. 26, 2019
  • Data access: 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
  • Madagascar has a prolific geology and a diversified portfolio of exploration and production opportunities. We strongly believe that the 2018-2019 promotional campaign will mark the intensification of exploration activities in Madagascar.

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