At an oil industry event in Houston in September, representatives of Madagascar’s government went into auctioneer mode. Their message: “Let the bidding commence!”
They had traveled to Texas to announce that Madagascar was opening up a large area of marine territory to oil exploration. None of the 44 concessions on offer, which cover 63,296 square kilometers (24,440 square miles) in the Mozambique Channel off the country’s west coast, has ever been tendered or explored before.
https://news.mongabay.com/2018/12/madagascar-auctioning-a-large-swath-of-virgin-waters-for-oil-exploration/
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