- Title: MALAGASY REPUBLIC: EIGHT COMPANIES SEARCH FOR OIL ALONG THE MALAGASY COAST
- Date: 31st March 1971
- Summary: 1. SV MAP OF MALAGASY REPUBLIC AND MOZAMBIQUE COAST. 0.06 2. CU REPUBLIC OF MALAGASY LINES INDICATE OIL RIGS. 0.11 3. CU PAN FROM FRONTIER PETROLEUM RIG (U.S) PAN UP TO ITALIAN AGIP OIL RIG. ( 2 SHOTS) 0.30 4. AIR VIEW OVER AGIP RIG. 0.45 5. LV APPROACHING RIG. 0.56 6. LV PAN DOWN DERRICK TO BASE. 1.10 7. CU REVOLVING DRILL PAN UP DERRICK. 1.23 8. SV MAN AT CONTROLS. 1.26 9. CU DRILLING DEPT DIAL. 1.31 10. AIR VIEW OF AGIP RIG. 1.46 Initials CO.16.51 CM/AW/CO/13.17 Script is copyright Reuters Limited. All rights reserved
- Embargoed: 15th April 1971 13:00
- Keywords:
- Location: OFF COAST OF MALAGASY REPUBLIC
- Country: Madagascar
- Reuters ID: LVABZMI0HIOT42PE5BH4Z4LVAOVY
- Story Text: EIGHT OIL COMPANIES ARE AT PRESENT SEARCHING FOR OIL ALONG THE MALAGASY COAST - ONE ITALIAN, TWO FRENCH, ONE ISRAELI, AND FOUR AMERICA
THREE HAVE ALREADY BEGUN DRILLING, ENCOURAGED BY THE NEED TO FIND OIL IN POLITICALLY STABLE AREAS NOW THAT DISPUTES ARE INCREASING IN OTHER PARTS OF THE WORLD BETWEEN OIL PRODUCERS AND CONSUMERS.
SYNOPSIS: THE MALAGASY REPUBLIC OFF THE EASTERN COAST OF AFRICA IS NOW THE SCENE OF AN INTENSIVE SEARCH FOR OIL BY INTERNATIONAL OIL COMPANIES. THE CLOSING OF THE SUEZ CANAL AND THE DISPUTES BETWEEN OIL PRODUCERS AND CONSUMERS HAVE LENT URGENCY TO THE SEARCH, AND THREE COMPANIES, THE ITALIAN AGIP, THE U.S. CONOCO AND THE FRENCH TOTAL COMPANIES HAVE ALREADY BEGUN DRILLING. SOME OTHER COMPANIES ARE DRILLING ON LAND AS WELL AS AT SEA.
REPORTS FROM THE AFRICAN COAST PORT OF BEIRA MOZAMBIQUE HIVE INDICATED A STRIKE OF NATURAL GAS 65 KILOMETRES (40 MILES) WEST OF THE MALAGASY COAST BY AGENTS OF THE U.S. FRONTIER OIL COMPANY, WHICH IS OPERATING UNDER A MALAGASY GOVERNMENT SEARCH PERMIT.
AND A FEW DAYS LATER IT WAS ANNOUNCED THAT THE ITALIAN AGIP OIL COMPANY HAD ALSO FOUND A LARGE POCKET OF NATURAL GAS. THE COMPANY IS AT PRESENT QUALITY AND IMPORTANCE OF ITS FIND. THE ITALIANS HAVE FOUR U.S. COMPANIES AGAINST THEN IN THIS GREAT OIL AND GAS HUNT, AND THERE ARE ALSO TWO FRENCH AND ONE ISRAELI COMPANIES SEARCHING.
- Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None