Candax Receives Presidential Decree for Madagascar

Source: www.gulfoilandgas.com 6/11/2007, Location: Africa

Candax Energy Inc. has received the Presidential Decree for Block 1101, onshore Madagascar. The Production Sharing Agreement was originally signed with the Government of Madagascar in November 2006.

The planned work program for Block 1101 will be initiated by geological and technical field studies in 2007, with the goal of undertaking a seismic program in early 2008, followed by the drilling of the first exploration well in the latter half of 2008.

Block 1101 is a large exploration permit located onshore, North West Madagascar and covers 14,900 square kilometers. Candax is the operator with a 60% equity interest. The acreage offers Candax a low cost entry into one of East Africa’s most prolific oil provinces with billion barrel potential. The Block is located north of a number of large onshore fields with reported heavy oil in place of approximately 30 billion barrels as well as several lighter oil discoveries.


Singapore >>  8/2/2022 - The Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam have signed a memorandum of understanding (MoU) to establish the world’s ...
Spain >>  8/1/2022 - TSC Engineering Ltd ("TSC Engineering") has been selected to support Marine Power Systems with the design and development of their unique tensioner de...

United Kingdom >>  7/29/2022 - V.Group will be providing full technical management of the three LNG dual-fuel new build vessels that are currently under construction in Daewoo Shipb...
Azerbaijan >>  7/28/2022 - Aquaterra Energy, a leader in global offshore energy engineering solutions, has been awarded a high-pressure high temperature (HPHT) subsea riser cont...

Trinidad and Tobago >>  7/27/2022 - BP Trinidad and Tobago LLC (‘bpTT’) has exercised all four weeks of options for the Safe Concordia to continue providing gangway connected operations ...
United Arab Emirates >>  7/27/2022 - James Fisher and Sons plc (James Fisher) and Abu Dhabi’s NMDC Group, a major engineering, procurement and construction company working in the marine c...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.