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OMNIS, in partnership with TGS and BGP, announces the opening of the Madagascar 2018-2019 Licensing Round at Africa Oil Week 2018

In the framework of the development of Madagascar's oil and gas potential, the Malagasy State through the Ministry of Mines and Petroleum, represented by OMNIS continues to promote projects that attract new private investment in the short, medium and long term. OMNIS, together with TGS and BGP, has worked to create an attractive environment for offshore exploration.

Actually, 44 offshore blocks in the Morondava Basin,located in the the western margin of Madagascar are subject to call to tenders. The Round is open from 7 November 2018 to 30 May 2019, followed by a three-month awarding period. To support this promotion, Roadshows will be held in Houston on Tuesday 19 February 2019, and in London on Tuesday 26 February 2019. The TGS offices in London and Houston will provide the existing seismic and well data for viewing and will also make data packages available for clients.

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 has been made by Voahangy Nirina Radarson, Director General of OMNIS on Tuesday 6th November 2018 in the NOC Prospect Forum, at the Cape Town International Convention Centre - South Africa.

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