Madagascar Oil

Madagascar Oil

Madagascar Oil SA (a subsidiary of Madagascar Oil Limited, Bermuda) is a Malagasy company focussing on the development, exploration and production of petroleum. It is the principal onshore oil company in Madagasacar in terms of oil resources and acreage. The large heavy oil fields of Tsimiroro and Bemolanga are operated by Madagascar Oil. The founders of the company are Sam Malin, Robert Nelson, Michael Smith and Australian businessman Alan Bond.

Madagascar Oil's projects are governed by production sharing agreements signed with OMNIS, the relevant Malagasy government agency. The company obtained first production from the Tsimiroro field in March 2008.

External links

* [http://www.madagascaroil.com Official website of Madagascar Oil]


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