Madagascar Oil owns 100pc of the Tsimoro field
Madagascar Oil seeks expansion partners
Madagascar’s only producing oil company has sizeable ambitions for the frontier province
Independent Madagascar Oil is looking to bring in partners to advance its expansion plans, CEO Al Njoo tells Petroleum Economist. The company is currently only producing up to 1,000bl/d of heavy oil from its Tsimiroro field in the west of Madagascar, but aims to boost that by ten, or even a hundred, times in a series of development phases. The firm at present owns 100pc of Tsimiroro, as well as all of block 3104 in which it is situated, giving it significant runway for equity farm-down. Njoo envisions Phase 1 of a production ramp-up reaching 10,000bl/d within 2-3 years. Feed for the first phase is complete and the company is in the process of raising money to proceed, says Njoo. Subsequent d
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
