Petroleum Africa
Find us on: 
Tuesday, July 7, 2015
Due to some disappointing results in Madagascar, ExxonMobil Corp. ended its oil exploration program in the island nation, according to the country’s Minister of Mining and Petroleum Joeli Valerien Lalaharisaina.
“Exxon has left Madagascar because it was not convinced by the potential of the oilfield,” Lalaharisaina told Reuters. “The potential is not yet defined, but the results of investigations have shown that the oilfield was not interesting for a company of Exxon Mobil’s scale.”
Lalaharisaina said medium-sized explorers may be interested in taking over the blocks.
It was reported in May by Sterling Energy, ExxonMobil’s partner on the Ampasindava, that the pair had decided to exit the block. The decision came after a detailed subsurface re-assessment of the prospectivity of the block and discussions with OMNIS.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
