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Green campaigners irked by oil plans in Balcombe
by Daniel J. Graeber
London (UPI) Apr 30, 2013


Austrian company expands African footprint with Madagascar acquisition
Vienna (UPI) Apr 30, 2013 - Austrian energy company OMV said Wednesday it was expanding its footprint in the African market by acquiring a stake in interests in Madagascar from Tullow Oil.

"It is part of OMV's strategy to build up a new exploration business in the region of Sub-Saharan Africa," Jaap Huijskes, a board member in charge of exploration and production, said in a statement.

OMV acquired a 35 percent working interest in two reserves areas onshore Madagascar for an undisclosed sum. The Austrian company said it expects to conduct a seismic survey to get a better understanding of the reserve potential in the Mandabe block later this year and could drill into the Berenty block in 2015.

There was no statement from Tullow Oil on the acquisition.

Madagascar is considered frontier exploration territory and no oil or gas production has been reported as of 2010.

The country in October held its first election since a coup pushed the country toward war in 2009.

The British Friends of the Earth said they were frustrated with council members in West Sussex County who voted in favor of oil operations near Balcombe.

"We are extremely disappointed that councilors have not listened to local people," Friends of the Earth campaigner Brenda Pollack said in a statement Tuesday. "This is an attempt by Cuadrilla to set the wheels in motion for dirty fossil fuel extraction."

Last week, Cuadrilla Resources said it would apply for permission to drill up to four exploration wells at sites near Balcombe. The village was the scene of demonstrations against the controversial drilling practice, hydraulic fracturing. While last year's campaign didn't involve hydraulic fracturing, the company said it now wanted approval to employ the technique.

Pollack said that, instead of fossil fuels, the British economy should embrace more renewable forms of energy.

The council heard public reaction to Caudrilla's plans Tuesday. Council Chairwoman Heidi Brunsdon said the "debate was robust."

Cuadrilla Chief Executive Officer Francis Egan has said his company was "committed to being a good neighbor" in Baclombe.

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