Madagascar Oil Production Used as Feedstock for Power Plant

Source: www.gulfoilandgas.com 9/27/2016, Location: Africa

Madagascar Oil is pleased to announce the first utilization of Tsimiroro heavy fuel oil to the Mandroseza power plant, operated by Symbion Power.

Highlights

- As a major milestone in the Tsimiroro Oil Field development, Tsimiroro fuel oil was used successfully to run one of the Mandroseza power generators and allowed reliable energy production for about 2 days.
- Tsimiroro heavy oil has already been successfully used in Tsimiroro for steam production. Other local industries have also tested its use and recorded positive results.
- Those tests confirmed that Tsimiroro heavy oil is a good quality product, with low sulfur content, low ash content and which burns cleanly.

John P. Claussen, Chief Executive Officer of Madagascar Oil, commented:

“Madagascar Oil is delighted that Tsimiroro Field oil has been successfully utilized to fuel Mandroseza power plant, operated by Symbion Power. Tsimiroro Oil Field is an important national resource capable to help support Madagascar’s growing energy requirements, with related economic benefits to the Malagasy state and the Malagasy people. Madagascar Oil is pleased to be a continuing partner with the Malagasy state in responsible development of the Tsimiroro Oil Field. Madagascar Oil believes that this milestone will send a positive signal to possible end users and will allow Tsimiroro heavy oil to gain acceptance as a reliable, efficient and competitive product for local and regional power generation. “

Carl Andriamparany, Director General in charge of Petroleum, Ministry of Mines and Petroleum in Madagascar, commented:

“I welcome this successful testing of the Tsimiroro Heavy oil at the Mandroseza Power Plant. Tsimiroro is a vital national energy resource, and along with our other natural resource developments, will support energy and economic development for the Malagasy people.”

Bonaventure Rasoanaivo, General Manager of OMNIS, the upstream hydrocarbon regulatory agency in Madagascar, commented:

“OMNIS is pleased that Tsimiroro Field oil has been successfully tested as fuel for operations at Mandroseza Power Plant. Tsimiroro Field development is the first commercial hydrocarbon development in Madagascar, as a first step in a growing national energy resource base to benefit the Malagasy people”.

Zelda Weitz, Chief Operations Officer of Symbion Power stated:

“We are pleased to report that this weekend we have used domestic fuel from Tsimiroro Oil Field for the first time, with which we successfully produced reliable power for about two days. The cost of our power at Mandroseza is the lowest cost in the country. This is an important milestone for Madagascar, towards future energy self-sufficiency. Symbion is planning new power investments based on this national fuel source”

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