• Welcome / Tonga soa to Madagascar Oil

  • Operational Momentum

  • Africa Focused

  • Exploration and Development

A Leader in Madagascar’s Developing Energy Industry

Madagascar Oil is an AIM listed independent international oil and gas company focused on exploration, development and production opportunities in five onshore blocks in Madagascar. The company is Madagascar’s leading and longest operating oil and gas company having worked in country for more than a decade. In early 2015, it was awarded the country’s first upstream mining title resulting in a 25-year development license on Block 3104 Tsimiroro.

The awarding of the development license is the key with regard to moving forward with the development of 1.7 billion barrels of contingent resource already identified in the Tsimiroro field. Through the application of various thermal techniques, Tsimiroro is capable of being in the league of the world’s giant oilfields. Additionally, the company is seeking to further balance the portfolio through a sustained evaluation of the prospectivity of the exploration properties. This work will specifically target potential high gravity oil or large volume gas opportunities.

The Company is fully committed to working closely with the Government of Madagascar to achieve the important strategic objective of developing its first commercial production and placing Madagascar in the league of significant oil suppliers. Madagascar Oil is fully engaged in making a positive contribution to the local communities in its operations area, and to the country, through its commitment to Corporate Social Responsibility through an array of community programs and projects. The Company is also participating in programs to sustain the healthy biodiversity of the Island.

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About Us

In the near term the Company’s primary goal is to prove up reserves at Tsimiroro by demonstrating the commercial production capability of the existing, contingent and prospective resources in the field, as well as increasing the resource volumes through additional drilling and testing.
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Block 3104 Tsimiroro

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PSC 3104 is approximately 125km from the west coast of Madagascar. The Tsimiroro field was first drilled in 1909 and 14 degree API oil was discovered at a depth of 40m to 300m. Madagascar Oil has drilled 138 appraisal and pilot production injection wells in Block 3104.

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BBC Interview with CEO

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In April 2015, BBC World Service Business Daily looks at the global oil industry amid signs that some companies are returning to exploration. BBC’s Manuela Saragosa interviews our CEO (chief executive officer), Robert Estil about Madagascar Oil’s recent license to drill for oil off the island state.
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