After the approval of the field development plan in April 2015, Madagascar Oil (MOIL) can start the development stages of the massive 1.7bn OIP Tsimiroro field. Further approvals (such as the recent EIA submission) and milestones need to be negotiated, but pilot results indicating commerciality of the resource mean that a staged development can start. A development of this size is too big for MOIL to fund independently, and it has appointed Jefferies to seek possible partners. Given the size
08 Jul 2015
Appointments and raise should take to next level
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Appointments and raise should take to next level
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08 Jul 2015 - Author:
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After the approval of the field development plan in April 2015, Madagascar Oil (MOIL) can start the development stages of the massive 1.7bn OIP Tsimiroro field. Further approvals (such as the recent EIA submission) and milestones need to be negotiated, but pilot results indicating commerciality of the resource mean that a staged development can start. A development of this size is too big for MOIL to fund independently, and it has appointed Jefferies to seek possible partners. Given the size