Madagascar Opens Morondava Blocks in 2018-2019 License Round

The Republic of Madagascar has announced the opening of their 2018-2019 Licensing Round at Africa Oil Week, Cape Town. The Malagasy State has included 44 blocks in the Morondava Basin which are situated on the western margin of Madagascar in a round which was opened on 6th November 2018 and will close on 30th May 2019, thereafter awards will be announced within a 3 month period.

Spectrum has signed an agreement with the Madagascan agency OMNIS (Office des Mines Nationales et des Industries Stratégiques) granting the company exclusive brokerage rights to the vast majority of legacy seismic data situated both offshore and onshore Madagascar. The data available totals up to 69,000 km. This is in addition to 3,622 km of data from Spectrum’s existing library which includes reprocessed Pre-Stack Time Migration (PSTM) data over the Morondava and Majunga basins to the West, the lle Ste Marie area in the East, as well as 2015 reprocessed data from Ankoba/Copetma areas, and a further 1,503 km in the South over the Cape Ste Marie.

The licensing round, announced by Voahangy Nirina Radarson, Director General of OMNIS comes after her organisation has been working on improving the attractiveness of exploration potential offshore Madagascar. The region is still considered a frontier hydrocarbon province despite analogues with Kenya and Mozambique. Following improvements in infrastructure and oil extraction technologies the country is once again becoming an interesting prospect for oil companies.