Madagascar has opened a licensing round offering 44 offshore blocks in the Morondava Basin, according to a news release.
“OMNIS, together with TGS and BGP, has worked to create an attractive environment for offshore exploration. Studies conducted on new data suggest there is significant potential for future discoveries offshore,” the release said.
Each block offered covers about 1,940 sq km. The total acreage offered is 63,296 sq km.
The licensing round, launched Nov. 7 during Africa Oil Week, will remain open until May 30, 2019. Road shows are scheduled for Feb. 19 in London and Feb. 26 in Houston.