Country report
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22 Pages

Madagascar upstream summary

Madagascar upstream summary

Report summary

Onshore exploration in Madagascar has yielded more success than the offshore, resulting in four discoveries. The most notable of these are the heavy oil and oil sands at Tsimiroro and Bemolanga. Small volumes of gas and light oil discoveries were also made onshore. The presence of gas and light oil indicates the potential for conventional exploration in Madagascar's onshore basins. ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 830.24 KB 22 Pages, 11 Tables, 10 Figures
  • Country Overview XLS - 499.50 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Morondava and Majunga Basins
    • Diego Ambilobe Basin
    • Cap Saint Marie and Ile Saint Marie Basins
    • Petroleum Plays
  • Exploration
    • Licensing
    • Recent Activity
    • Future Licensing Round
      • Historical Activity
    • Drilling
      • Drilling activity
    • Recent Exploration Work
    • Historical background
      • Success rates
      • Future drilling plans
  • Reserves and resources
  • Production
    • Oil/Liquids
  • Infrastructure
    • Introduction
    • Refineries
    • Pipelines
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
      • Exploration Work Commitments
  • Fiscal terms
    • Overview
    • Upstream
    • Mid/Downstream
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
    • Production Sharing Contracts (PSCs) - 2006 contracts
      • State Equity Participation
      • Participation Rate
      • Carry & Reimbursement
      • Bonuses, Rentals and Fees
      • Signature Bonuses
      • Production Bonuses
      • Area Rentals
      • Training Fees
      • Other Bonuses and Fees
      • Administration Fees
      • Indirect Taxes
      • VAT / Sales Taxes
      • Import Duties
      • Social Development Levies
      • Royalty and Other Production Taxes
      • Royalty
      • Export Duty
      • Environmental / CO2 Taxes
      • Other Production Taxes
      • Domestic Market Obligation (DMO)
      • PSC Cost Recovery
      • Cost Recovery Ceiling
      • Recoverable Costs
      • Investment Uplift/Credit
      • Cost Carry Forward
      • PSC Profit Sharing
      • Contractor Revenue Entitlement
      • Product Pricing
      • Direct Tax on Hydrocarbons (IDH)
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
      • Other Taxes
    • Historical background

In this report there are 21 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Location maps: Image 1
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Net Acreage 2016
  • Geology
    • Map of Madagascar Petroleum Basins
    • Generalised stratigraphy of Madagascar
  • Exploration
    • Exploration: Table 1
    • Madagascar Licence Map
    • Drilling Activity by Well Type
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
  • Production
    • Production: Table 1
    • Liquids Production
  • Infrastructure
  • Costs
    • Costs: Table 1
    • Country Capital Expenditure (US$ Million)
    • Costs: Table 2
    • Operating Expenditure by Year (US$ Million)
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
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