Sophisticated financial accounting software reaches down to the small and mid-sized operator. For an exploration business, the move from the investment phase to becoming an operational player brings with it a need to re-evaluate management processes and systems to ensure that they meet the new requirements of production activities. Madagascar Oil, headquartered in the country's capital city of Antananarivo, was founded in 2004 and focuses on the development of onshore heavy oil fields and the exploration for onshore conventional oil in the island nation. The company moved quickly through its investment phase following its establishment - confirming the size of reserves and embarking upon a pilot project - to preparations for production testing activity.
展开▼
