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Seychelles and Mauritius want to associate for a joint oil exploration




Seychelles and Mauritius want to associate for a joint oil exploration
Seychelles and Mauritius authorities launched particularly legal procedures for a partnership aimed at exploration and oil exploitation of the continental shelf of 396,000 km2 between the two islands.

"Mauritius and Seychelles continue to work on the legal framework that will dictate the exploration and exploitation of petroleum in the area of joint management. No deadline has been set for the opening of the region", said the Director of PetroSeychelles, Eddy Belle.

The possibility of finding resources of oil in these waters was discussed at the end of last July during an international meeting held in Mauritius on the oceanic economy, under the aegis of the Board of Investment (BoI) and the Office of the Prime Minister of Mauritius.

The Government of Seychelles has thus already allocated different prospecting licenses to Australian firms and several other international companies are knocking at the door.

For its part, Mauritius has not for the moment at its disposal a legal framework for the licensing of hydrocarbon exploration.

To recap, in June, the Seychellois President James Michel announced that the Seychelles and Japan have agreed to start in a few months of oil exploration and gas fields to probe the exclusive economic zone of the Seychelles.



Laurent Chinaud


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