|Project Details||The Tsimiroro block is believed to be able to achieve at least 80,000 barrels to 150,000 barrels of oil output per day.|
The information available on the Tsimiroro field is varying. MOIL's highest estimate is 4.5 billion barrels of oil in place with a production capacity of 100,000 barrels per day over 20+ years. At the same time, an independent estimate made in 2009 was of only 3.5 billion barrels and 900 million barrels oil recoverable.
MOIL plans to sell part of its production in the local market, especially to the state-owned electric utility and water services company JIRAMA. MOIL commits to rehabilitate the Tsimiroro - Tsiroanomandidy and Tsimiroro-Maintirano roads.
In may 2014, MOIL declared to the media that the test phase was successfull and the company will commercialize 73.000 barrels in september 2014.
|Project Area (in hectares)||60000|
|Level of Investment (in USD)||1,500,000,000|
|Type of Population||Rural|
|Company Names or State Enterprises||Madagascar Oil SA (MOIL) from Madagascar|
|Relevant government actors||President of Madagascar, Economic Development Board of Madagascar (EDBM), Office of National Mines and Strategic Industries (OMNIS), The National Environment Office (ONE) , Mines and Hydrocarbons Ministry, Malagasy Environment Ministry, Melaky Region |
Mines and Hydrocarbons Ministry
Malagasy Environment Ministry
|International and Financial Institutions||World Wide Fund for Nature (WWF)|
|Environmental justice organisations and other supporters||WWF, AVG (Alliance Voahary Gasy), NGO Voaharisoa, Friends of the Earth (FoE), Madagascar Environmental Justice Network (MEJN)|