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Madagascar: The black gold marketing of the Tsimiroro requested by Madagascar Oil

Madagascar Oil recently asked downstream to the Malagasy Government for local market barrels of heavy oil from the Tsimiroro oilfield located in the West of the island, in the heart of the region of Morondava.
Between 55,000 and 73,000 barrels should be sold in the second half of 2014 for a phase of test size nature and which will be conducted over six months.
Cumulative production of oil heavy from the "project continuous steam injection pilot", between April 28, 2013 and on 1 may 2014, totaled 83,635 barrels. 45 932 barrels are thus stored in the tanks of the Tsimiroro site.
Heavy oil production including reached an average of 468 barrels of oil per day in April from 361 in March, 425 in February and 330 in January, as reported by the newspaper L'Express of Madagascar.
According to the proposed outlook, 10,000 wells at end of steam injection should achieve a daily production of 150,000 barrels, in less than a decade.
The marketing on a large scale, with infrastructure of pipelines and other port facilities, could be seen on the horizon of 2019.
As a reminder, the oilfield of Tsimiroro is operated by Total, which owns 60% of the shares, against 40% for Madagascar Oil.

Antso Rajaona

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