OMNIS, in partnership with TGS and BGP, has announced the opening of the Madagascar 2018-2019 Licensing Round.
In the framework of the development of Madagascar’s oil and gas potential, the Malagasy State through OMNIS continues to promote projects that attract new private investment in the short, medium and long term. OMNIS, together with TGS and BGP, has worked to create an attractive environment for offshore exploration.
Exploration in Madagascar began in the early 1900s with the discovery of hydrocarbon-rich sedimentary basins in the west, including the Tsimiroro heavy oil field and the Bemolanga tar sands. After over 100 years of exploration, the offshore of this frontier region remains largely under-explored. The Island shares a maritime boundary with Mozambique, a hydrocarbon province where large quantities of natural gas have been discovered.
Studies conducted on new data, in collaboration with TGS and BGP, suggest there is significant potential for future discoveries offshore.
The round consists of 44 offshore blocks in the Morondava Basin, located on the western margin of Madagascar, and will be open from 7 November 2018 to 30 May 2019, followed by a 3-month awarding period.
Existing seismic and well data will be available for viewing at the TGS offices, in London and Houston; data packages will also be made available for clients.
Visit the Madagascar Licensing Round 2018-2019 site for additional information.