Energy in Madagascar - Coal Companies of Madagascar, Oil and Gas Companies of Madagascar, Oil Fields of Madagascar, Madagascar Oil, Tsimiroro (Paperback)

Chapters: Coal Companies of Madagascar, Oil and Gas Companies of Madagascar, Oil Fields of Madagascar, Madagascar Oil, Tsimiroro, Bemolanga, Red Island Minerals, Omnis, Morondava Basin. Source: Wikipedia. Pages: 26. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: Madagascar Oil SA (a subsidiary of Madagascar Oil Limited, Bermuda) is a Malagasy company, founded by Sam Malin with Australian businessmen Alan Bond and Robert Nelson. Madagascar Oil focuses on the development, exploration and production of petroleum. It is the principal onshore oil company in Madagascar in terms of oil resources and acreage. It holds the large heavy oil fields of Tsimiroro and Bemolanga. It operates the former, whilst its farm-in partner, French supermajor Total S.A. operates the latter. Europeans found the Bemolanga field in the 19 century and the Tsimiroro field in the early 20 century. However, the extensive oil seeps associated with both fields had been known to the local Malagasy population for centuries. During the 20 century various colonial and later overseas companies looked at the fields but never moved beyond initial exploration. Sam Malin became aware of the fields in 1994. It took him nearly ten years to find financial partners to start an in-depth appraisal and ultimately development of the fields. As a result of his finally succeeding in his quest for such backing, Madagascar Oil was created in 2004. Tsimiroro is a heavy oil field (14 to 16 API) which is reported to hold, in terms of a best estimate of reserves (oil in place), 3 billion barrels with potential for light oil and natural gas. Madagascar Oil holds a 100% interest in the field and is working on a cyclic steam (CSS) pilot projects as well as continuing drilling operations to expand the proven reserve base. Tsimiroro is believed to be...More: http://booksllc.net/?id=6902042