Malagasy Oil Might Interest Reunion
25 October 2012 - lexpress.mu
Drilling for oil in the region of Madagascar Morondova to allow a current production of 1,000 barrels per day of operation''. But the prospects are very interesting production for the two companies in charge of the operation of these wells: Total Oil and Madagascar.
Madagascar oil wells could produce in the next 10 years nearly 150,000 barrels / day. For comparison, the Jubail refinery in Saudi Arabia Total at full capacity 400,000 barrels of crude per day, a quarter of the refining capacity in France. A bargain when you consider that black gold is a fossil known to disappear in the coming decades. " Total is on all fronts. discovery of new resources can play on prices , "said Eric Le Blevec, Director of Total Meeting.
Total Meeting even if not involved in the exploitation of raw Malagasy, it may be advisable to monitor the evolution of these production facilities on land adjacent to a few hundred kilometers of the island. We know that the meeting is supplied from Singapore and that food is expensive. "It takes a lot of time. But I remind you that the construction of a refinery is a huge investment , "he warns. Clearly, if the meeting is a day fueled by oil wells in Madagascar, it will not be for several years, and only if the investment for oil companies looks interesting.
" We build more refinery in Asia as in Europe there are currently refining overcapacity , "he adds. But other tracks outside Madagascar are studied by Total. " Exploration is a group activity. were present in Madagascar in providing logistical support. (...) It also focuses on East Africa , "said he.
If fuel consumption falling in Europe, it is not the case in Asia where growth and oil demand are always important. Oil companies must be able to meet this demand. According to the United States Geological Survey (USGS), the Mozambique Channel (between Mozambique and Madagascar) is a " next North Sea power " and oil reserves, which accumulate there, are very important. More than a dozen international companies, including Total, are already busy in this field.