Madagascar: OMV farms into onshore blocks

OMV AG reported it will acquire 35% participating interest in Madagascar onshore Blocks 3109 and 3111 from Tullow Oil PLC, which will retain 65% and continue as operator. The transaction is subject to approval from Madagascar’s government.

OMV said 2D seismic on Block 3109 will be shot this year and the first well on Block 3111 will spud in first-quarter 2015.

OMV entered the country by acquiring 40% interest in the Grand Prix PSC from Niko Resources Ltd. last year (OGJ Online, Oct. 1, 2013). The company’s Madagascar footprint now totals more than 14,000 sq km.

“It is part of OMV’s strategy to build up a new exploration business in the region of Sub-Saharan Africa,” said Jaap Huijskes, OMV executive board member responsible for exploration and production. The first steps were taken with entries into offshore Madagascar and more recently Gabon and Namibia (OGJ Online, Dec. 18, 2013; Apr. 3, 2014).

Related Articles

ConocoPhillips, Suncor join Shell in deepwater exploration off Nova Scotia


ConocoPhillips and Suncor Energy Inc. are joining Shell Canada as partners in exploring the deepwater Shelburne basin off Nova Scotia.

Eni farms into permit offshore South Africa

06/10/2014 Eni SPA has agreed to acquire 40% interest and operatorship in exploration right permit 236 (ER236) offshore South Africa’s east coast from Sasol P...

BHP Billiton farms into deepwater Trinidad and Tobago blocks

06/06/2014 BHP Billiton Ltd. has acquired a 70% stake in BP Trinidad & Tobago’s (BPTT) two deepwater blocks off Trinidad and Tobago’s east coast, leaving ...

Saratoga tests Rocky 3 well at 1,500 b/d of oil


Saratoga Resources Inc., Houston, has provided an update on its Rocky 3 horizontal development well in Breton Sound Block 32 field.

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