Scandoil  

Sterling Energy gets extension on offshore Madagascar blocks


Published Feb 17, 2015
Sterling Energy Plc-2

Sterling Energy provides an update on activities in its Ambilobe and Ampasindava Blocks, located offshore Madagascar.

Ministerial and Presidential approval was granted in October 2014 to extend the current phase of both the Ampasindava and Ambilobe PSCs to July 2016 and these approvals have now been formally published in the Official Gazette of Madagascar, which is the final step in the approval process.

The Ambilobe PSC, awarded in 2004, is in Phase 2 of the Exploration Period with all minimum work commitments for the current phase completed. In December 2013, Sterling completed a farm-out agreement with Pura Vida Mauritius under which all costs associated with the acquisition of a discretionary 3D seismic programme, up to a maximum of US$15 million, are carried by Pura Vida. Sterling and Pura Vida each hold a 50% interest in the Ambilobe Block with Sterling as operator. Sterling and Pura Vida continue with planning of the 3D seismic programme which is expected to commence in March 2015.

Tags: Sterling Energy Plc




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml