formation and extraction of oil in mali

                                               
                                               
                                               
                                               
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  • What is the history of oil exploration in Mali?
  • Moderate oil exploration took place in Mali until 1983 when the Taoudeni Basin was declared "burnt out" by the exploration company Esso. During the seventies and early eighties, more than 9,000 kilometers of exploration through 2D-seismic studies was undertaken in the country.
  • Is there oil in Mali?
  • Mali's Taoudeni basin has seen increased oil exploration activity since 2004. Recent instability and the threat to oil wells has prompted foreign military powers to intervene. Mali and oil are as complex as it can get. Though mineral rich, the landlocked country has no- established- oil or gas reserves worth commercial exploitation.
  • Why does Mali import petroleum products?
  • In the energy sector, Mali imports petroleum products for electricity production as well as private and public sector consumption. This has led to state subsidization of petroleum products via the National Office for Petroleum Products (ONAP) which places stress on public finances.
  • Where is Heritage Oil located in Mali?
  • Heritage Oil (Canada): Beginning June 2005, Heritage oil has been awarded Blocks 7 and 11 in Mali’s Taoudeni Basin in partnership with Mali Oil Developments SARL, a subsidiary of Centric Energy. The two licenses cover an area of approximately 72,000 square kilometers in the Gao Graben.