Report summaryMadagascar Oil operates the onshore Tsimiroro field in Block 3104, which is located in the northern part of the Morondava Basin in Madagascar. It is 120 kilometres from the western coast. The field contains 14 °API, low-sulphur heavy oil at a depth of between 40 to 300 metres. In early 2015, Madagascar Oil was awarded a 25-year development licence for Tsimiroro, which was the first to be awarded in Madagascar. The licence is extendable for five additional five-year periods.Since taking ...
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