Continental Focus, International Reach

Mauritius and Seychelles to Launch Exploration Study

Monday, October 22, 2018

The island nations of Mauritius and Seychelles are planning to launch a joint exploration study on acreage the two countries manage together. According to Petro Seychelles CEO Patrick Joseph, the acreage covers an area of ​​400,000 sq km in the Indian Ocean.

The study, whose start-up date is unknown, will be carried out by Spectrum Geo. Spectrum Geo was selected as part of a competitive bidding process.

“The best way to obtain the acquired data is a multi-client survey, in which a seismic contractor undertakes the investigation at its expense and sells the data to multiple stakeholders … Mauritius and Seychelles will benefit from a copy of the data and a part of the revenue from their sale,” Patrick Joseph told Seychelles News Agency.

Currently, only Sub-Sahara Resources Limited is exploring in Seychelles waters. Until last year, the Japanese National Oil Company (JOGMEC) was undertaking exploration activities in Seychelles waters, however the company’s license expired in February.