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| Development Projects |
Bemolanga Ultra Heavy Oil Project
- Bemolanga is a giant bitumen field at 0-30m depth
- P-50 of 16.6 billion barrels OIP (9.8 billion recoverable 2P + 3P reserves) per DeGolyer & MacNaughton
- The Bemolanga block, with an area of 7,175km2, is located in NW Madagascar about 120km from the coast
- 8-13ºAPI low sulphur (<1%), low vanadium
- 13 wells and over 500 core-holes have been drilled from the 1950s to the early 1980s
- Surface mining area is defined by less than 40 meters depth to top tarsand. The average overburden in the surface mining area is around 15m, considerably less than average overburden in Canada
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Tsimiroro Heavy Oil Project
- Tsimiroro is a large heavy oil field at 100-300m depth
- The block, with an area of 6,670km2, is located in NW Madagascar about 100km from the coast
- 61 wells have been drilled on Tsimiroro’s c. 70 km² core area to date
- 14-16ºAPI low sulphur (<0.4%), low vanadium, some iron
- With the use of SAGD the expected recovery factor is estimated to be 55%
- The Company is currently executing a pilot project on Tsimiroro
- Tsimiroro is also prospective for conventional hydrocarbons
- Tsimi Light prospect in the South of the block
- A Tsimiroro sample of 22º API oil was reported in 1988 from test well
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