ExxonMobil to resume Madagascar exploration

ExxonMobil is resuming exploration on its three offshore licences following the approval of extensions to its production sharing contracts. The company said on 6 November that it had received decrees formalising the extensions that were signed on 17 July by President Andry Rajoelina, and its subsidiaries intended “to resume exploration work and environmental assessments for shore-based and offshore operations in preparation for deep-water drilling”. Partner Sterling Energy said on 14 November that a 1,363km 2D seismic programme was under way on the Ampasindava block. “The programme is designed to provide improved control over the large Sifaka prospect as well as to mature additio