LE BRIEF

Madagascar: Aiteo enters Mahaboboka gas project, with estimated potential still to be clarified

LE BRIEF • 2026-10-29

The Nigerian group is involved through a production-sharing contract with the Malagasy state, represented by OMNIS. Authorities’ estimate of 20–25 billion cubic metres is not yet a certification of commercial reserves.

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LE BRIEF — Thursday, 29 October 2026 edition By the LE BRIEF newsroom Country : Madagascar Source publication: 28 October 2026 Event : Official presentation on 27 October 2026; information published on 28 October. Drilling work: supplied illustrative photograph. The location and date are not identified as those of Aiteo’s presentation. Madagascar is renewing its natural-gas ambitions through Aiteo’s involvement in the Mahaboboka project in the island’s south-west. According to 2424.mg, the Nigerian group has entered a production-sharing contract with the Malagasy state, represented by the Office of National Mines and Strategic Industries, OMNIS. The company was presented to the relevant stakeholders on 27 October 2026, according to mining ministry communications reported the next day. The contractual and institutional step does not yet constitute industrial production from the deposit. Identified potential still requiring delineation The deposit has been identified since 2011. During an official visit in April 2026, authorities referred to potential of 20–25 billion cubic metres of gas. The estimates must continue to be treated cautiously. Further geological studies and drilling are required to clarify the deposit’s extent and establish technically and economically recoverable volumes. The stated figures are therefore not a definitive certification of commercially recoverable...