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Madagascar Oil seeks expansion partners
Madagascar’s only producing oil company has sizeable ambitions for the frontier province
Heavy hitter searches for global reach
Al Njoo, chairman of the heavy oil-focused Benchmark Group and its subsidiary Madagascar Oil, is seeking to put the Indian Ocean island on the global hydrocarbons map
Left waiting at the altar in Madagascar
The country’s efforts to kickstart offshore exploration have hit a snag
Madagascar unveils new offshore acreage
The island nation hopes it can emulate hydrocarbons finds in neighbouring Mozambique
Madagascar seeks to emulate Mozambique
After a protracted process, new licenses have been signed, while onshore LNG projects are edging closer to realisation
Madagascar Oil Madagascar
Alastair O’Dell
Senior Editor
4 February 2020
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Heavy hitter searches for global reach

Al Njoo, chairman of the heavy oil-focused Benchmark Group and its subsidiary Madagascar Oil, is seeking to put the Indian Ocean island on the global hydrocarbons map

Al Njoo has been in the heavy oil business for three decades. His latest venture, Madagascar Oil, is on the verge of ramping up production from a pilot scheme on the world’s fourth largest island. His ambitions are larger still—turning Madagascar into major exporter and regional trading hub venue. The Indonesian is also principle of Singapore-based Benchmark Group, which owns a controlling stake in Madagascar Oil. Benchmark’s first three stream flood projects were developed by its Calgary-based subsidiaries Nations Energy and Nations Petroleum—of which Njoo was the founder and a director—in Kazakhstan, Azerbaijan and California. The Kazakh asset was acquired in 1997 via a privatisation. “Whe

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