In view of some disappointing results in Madagascar, resulting from lack of conviction by the potential of the oilfield. ExxonMobil Corp. ended its oil exploration program in the island nation, as reported by the Madagascan Minister of Mining and Petroleum Joeli Valerin Lalaharisaina through Reuters.
Although the potentials of the oilfield is not yet defined, but the results of investigations have shown that the oilfield was not interesting for a company of Exxon Mobil’s scale.” It could be said that medium-sized explorers may be interested in taking over the blocks.
In May 2015, ExxonMobil and her partner Sterling Energy on the Ampasindava decided to exit the block. The decision came after a detailed subsurface re-assessment of the prospectivity of the block and discussions with OMNIS.
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