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
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
