See also:
» 18.01.2011 - Record tourist arrival numbers in Seychelles
» 08.12.2010 - Piracy costs Seychelles millions
» 29.10.2010 - Seychelles, from recession to new boom
» 07.10.2010 - Indian Ocean tourism cooperation limping
» 18.05.2010 - Seychelles economy growing again
» 13.05.2010 - Seychelles embraces SA tourist market
» 09.04.2010 - Seychelles, Réunion tourism cooperation pays off
» 12.03.2010 - Seychelles, SA promote joint travel packages

China wholesale online through

Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

Economy - Development

Seychelles in new bid to find oil

afrol News, 25 January - For the first time since 1995, oil explorations are to start up in the waters off Seychelles. Earlier discoveries have indicated a potential for commercial production in Seychelles, but exploration efforts so far stalled ten years ago. The government of Seychelles has now accepted a new application from a US prospecting firm to explore oil in its waters.

The application from PetroQuest International Incorporated, a minor oil company registered in the United States, has been accepted by the Seychelles National Oil Company (SNOC) and the Seychelles Petroleum Company (SEPEC), according to information released by authorities in Victoria today.

With world oil prices now more attractive for prospectors and demand for petroleum products rising, there is renewed international interest in the search for hydrocarbons in Seychelles, national authorities report.

According to a joint communiqué from SNOC and SEPEC, the Seychelles parties and PetroQuest International have been conducting negotiations that "could lead to the signing of an exploration agreement in the very near future." Explorations would thus commence in the southern parts of the territorial waters of Seychelles.

The communiqué says that SNOC has designated 30,000 square kilometres of areas of the southern Seychelles shelf, the Constant and Topaz banks, Farquhar and Coetivy for exploration by the American company. This corresponds to the areas that were explored prior to August 1995.

According to the Victoria government, "Seychelles has a valuable stock of geological data collected from earlier explorations." SNOC says it will continue to promote Seychellois oil potentials "with the aim of generating exploration interests in our islands."

SNOC is a Seychellois government-owned company, established in 1984 to implement petroleum policies and advise the government in dealing with petroleum-related activities, according to the South African business information provider 'Mbendi'. Since 1995, SNOC has been active in publicising the hydrocarbon potential of the Seychelles to international oil companies, trying to promote further explorations in Seychellois waters.

PetroQuest International is an oil and gas exploration and production company that so far has primarily focused on oil deposits along and in the US part of the Gulf of Mexico. Except for a minor involvement in Tanzanian waters, the company heads no major operations outside the United States.

- Create an e-mail alert for Seychelles news
- Create an e-mail alert for Economy - Development news

    Printable version

On the Afrol News front page now

Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.

front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at