Madagascar: Tsimiroro development plan approved


Issue 299 - 01 May 2015 | 1 minute read

Madagascar Oil has been awarded a development mining title for the Block 3104 Tsimiroro production sharing contract (PSC). This follows approval of the Block 3104 Tsimiroro development plan by the Block 3104 management committee. This is the first PSC to enter into the development phase in Madagascar. The development mining title is valid for 25 years with possible extensions to enable a development period of up to 50 years provided production remains commercial.

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