Madagascar Oil SA (a subsidiary of Madagascar Oil Limited, Bermuda) is a Malagasy company focussing on the development, exploration and production of petroleum. Madagascar, or Republic of Madagascar (older name Malagasy Republic) is an Island nation in the Indian Ocean off the southeastern Petroleum ( L petroleum, from Greek πετρέλαιον, lit
It is the principal onshore oil company in Madagasacar in terms of oil resources and land. Onshore is a term used in Finance to denote the Jurisdiction in which a company is domiciled and in which it pays a significant rate of tax The large heavy oil fields of Tsimiroro and Bemolanga are operated by Madagascar Oil. Tsimiroro is the name of a large Oil field in the onshore Morondava Basin of Madagascar. Bemolanga is the name of a large Tar sands deposit in the onshore Morondava Basin of Madagascar discovered in the early 1900s The founders of the company are Sam Malin, Robert Nelson, Michael Smith and Australian businessman Alan Bond. Sam Malin (born 29 September 1963 is a Canadian businessman based in Madagascar. Alan Bond (born 22 April 1938 is a notorious Australian businessman famous for high-profile business ventures including what was at the time the biggest corporate collapse
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