Madagascar: Oyster acquires onshore block interest

Oyster Oil & Gas Ltd., Vancouver, BC, has acquired from Candax Energy Inc., Toronto, a 10% working interest in Block 1101 onshore northwestern Madagascar.

Operated by Afren PLC, which holds the other 90% working interest, Block 1101 covers 3.7 million acres. Since 2006 airborne gravity and magnetic surveys and 430 line-km of 2D seismic have been acquired as well as extensive geological field work and mapping undertaken on the block.

A number of substantial prospects and leads have been identified mainly in the potential Triassic and Jurassic sandstone reservoir formations, Oyster said.

Oyster Oil & Gas also holds a production-sharing contract with the government of Djibouti with respect to four blocks totaling 3.5 million acres onshore and offshore in Djibouti.

Related Articles

Associations raise concerns in Atlantic OCS G&G comments

05/08/2014 The US Bureau of Ocean Energy Management’s preferred alternative for new geologic and geophysical (G&G) activity on the South and Mid-Atlantic ...

Alaska receives 43 bids in Cook Inlet, peninsula lease sales

05/08/2014 The Alaska Division of Oil & Gas reported receiving 43 bids from companies and investors hoping to secure state leases during the Cook Inlet an...

Study targets area off Australia, Indonesia

05/08/2014 Petroleum Geo-Services said an international seismic study has improved understanding of regional stratigraphy and basin development in an area off...

OTC: Pemex preparing for cultural transition as Mexico reforms energy laws

05/06/2014 Mexico’s Petroleos Mexicanos (Pemex) is preparing for a major cultural transition while the country’s government moves to implement energy reforms ...

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