Sterling Energy has completed its withdrawal from the Ambilobe block offshore Madagascar.
Sterling Energy has confirmed it plans to pull out of the Ambilobe block in Madagascan waters by July.
Exxon Mobil has ended its oil exploration in Madagascar after disappointing findings in its off-shore blocks, the Malagasy Mining and Petroleum Minister said on Friday. The U.S. company had no immediate comment. Exxon's affiliates resumed exploration in Madagascar in 2013 after a four-year pause due to a force majeure declared after the 2009 coup on the Indian Ocean island.