Total to operate Madagascar's heavy oil license

Uchenna Izundu
International Editor

LONDON, Sept. 17 -- Total SA will operate the Bemolanga heavy oil license in Madagascar with a 60% interest after signing a farm-in agreement with Madagascar Oil SA.

They partners will use mining technology to develop the estimated 10 billion bbl of heavy oil in place. The onshore 6,500 sq m license in western Madagascar was granted to Madagascar Oil in 2004.

"During the initial appraisal phase, additional core drills will be drilled to determine the license's potential. A production pilot will be set up in a second phase to confirm the development parameters before considering a large scale development of the license," Total said.

It believes that heavy oil will be crucial to supply world markets within the next decade and will build upon its experience developing these projects in Venezuela and in Canada.

Total already has marketing, aviation fuel, and petroleum product logistics in Madagascar.

Contact Uchenna Izundu at uchennai@pennwell.com.

Related Articles

ExxonMobil replaces 103% of 2013 production

02/21/2014 ExxonMobil Corp. replaced 103% of its oil and natural gas production last year with additions to reserves, mostly of crude oil and other liquids.

Hydraulic fracturing stuck in New York policy vacuum

02/01/2014 Persistent institutional indecisiveness by elected officials in New York State has placed the state in the position of not having a statewide polic...

Contact hails Kakwa Montney tight gas-liquids well results

10/16/2013 Contact Exploration Inc., Calgary, said completion of its fourth operated horizontal Middle Montney formation tight gas-liquids well extends the sc...

Watching Government: BC Premier's energy stance

10/14/2013 British Columbia will not budge on its requirements proposed heavy oil export projects must meet, Premier Christy Clark said on Oct. 4. But that do...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected