ExxonMobil has secured a second exploration foothold offshore Madagascar,farming into little-explored acreage in the Indian Ocean held by UK independent Sterling Energy.Sterling holds a 100% interest and operatorship of the Ambilobe and Ampasindava offshore licenses which cover about 20,800 sq km and 13,147 sq km,respectively,of the Ambilobe and the Majunga Basins.The Ambilobe concession lies just north of an area that had already been explored by Fusion,the Australian company taken over by Sterling in December 2003.
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