LICENSING ROUND OPENED

 OMNIS, together with partners TGS and BGP, has worked to create an attractive environment for offshore exploration, culminating in a licensing round comprising 44 blocks in the Morondava Basin.  The round was announced to a packed auditorium at Africa Oil Week in Cape Town yesterday, 6th November 2018.

Exploration in Madagascar began in the early 1900s with the discovery of hydrocarbon-rich sedimentary basins in the west, including the Tsimiroro heavy oil field and the Bemolanga tar sands. After over 100 years of exploration, the offshore of this frontier region remains largely under-explored. The Island shares a maritime boundary with Mozambique, a hydrocarbon province where large quantities of natural gas have been discovered.

Studies conducted on new data, in collaboration with TGS and BGP, suggest there is significant potential for future discoveries offshore.

The announcement was made by Voahangy Nirina Radarson, Director General of OMNIS.  Following the announcement, Eugenio Serra of OMNIS partner TGS, presented an overview of the Petroleum Code and the Licensing Round process, and later, Ben Sayers, also of TGS, gave an excellent technical overview, highlighting the prospectivity of this under-explored region.  This was also very well attended, as was the East Africa forum where OMNIS was represented by Olivier Belalahy, Director of Hydrocarbons for OMNIS.  High levels of interest have already been expressed in the Round.

Highlights:

- Blocks: 44 offshore blocks in the Morondava Basin, located on the western margin of Madagascar
- Timing: The Round is open from 7 November 2018 to 30 May 2019, followed by a three-month awarding period
- Roadshows: Will be held in Houston on Tuesday 19 February 2019, and in London on Tuesday 26 February 2019
- Data access: Existing seismic and well data will be available for viewing at the TGS offices, in London and Houston; data packages will also be made available for clients

Madagascar has a prolific geology and a diversified portfolio of exploration and production opportunities. OMNIS strongly believes that the 2018-2019 promotional campaign will mark the intensification of exploration activities in Madagascar.

For more information please contact info@madagascarlicensinground2018.com or go to www.madagascarlicensinground2018.com

Madagascar Licensing Round 2018