History
Europeans found the Bemolanga field in the 19th century and the Tsimiroro field in the early 20th century. However, the extensive oil seeps associated with both fields had been known to the local Malagasy population for centuries. During the 20th century various colonial and later overseas companies looked at the fields but never moved beyond initial exploration.
Sam Malin became aware of the fields in 1994. It took him nearly ten years to find financial partners to start an in-depth appraisal and ultimately development of the fields. As a result of his finally succeeding in his quest for such backing, Madagascar Oil was created in 2004.
Read more about this topic: Madagascar Oil
Famous quotes containing the word history:
“Psychology keeps trying to vindicate human nature. History keeps undermining the effort.”
—Mason Cooley (b. 1927)
“He wrote in prison, not a History of the World, like Raleigh, but an American book which I think will live longer than that. I do not know of such words, uttered under such circumstances, and so copiously withal, in Roman or English or any history.”
—Henry David Thoreau (1817–1862)