ExxonMobil to Return to Action in Madagascar

Friday, November 8, 2013

After a four year hiatus, exploration work is set to resume on some licenses held by ExxonMobil in Madagascar. The US supermajor said that its affiliates in Madagascar obtained extensions to their production-sharing licenses which will allow for activities to resume.

“The affiliates intend to resume exploration work and environmental assessments for shore-based and offshore operations in preparation for deepwater drilling,” the company said in a statement. The extensions were signed in July according to ExxonMobil.

Following a 2009 coup, ExxonMobil declared a force majeure on its three PSCs in the country.

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