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Cooperative Agreement for the exploration of oil and gas between the Seychelles and Japan in Seychelles waters




Cooperative Agreement for the exploration of oil and gas between the Seychelles and Japan in Seychelles waters
The Seychellois President James Michel has announced that the Seychelles and Japan have agreed to initiate joint oil exploration in the near future to probe the exclusive economic zone of Seychelles.
 
The agreement was officially recorded following a meeting held in Yokohama, between James Michel, equally owner of the portfolio of oil, and the President of Japan Oil, Gas and Metals National Corporation (JOGMEC), Hirobumi Kawano.

The latter expressed his keen interest in the potential for the discovery of oil and gas in the territorial waters of Seychelles, in the wake of the first discussions held with PetroSeychelles.

Hirobumi Kawano also stressed that future exploration will be conducted on site with the utmost care for the protection of the environment and that JOGMEC will share his expertise with PetroSeychelles in terms of safety on exploration methods.

Thus mixed seismic surveys will be undertaken.

The President James Michel pointed out that Seychelles is rejoiced in the successful partnership with the JOGMEC Corporation and a new dimension of cooperation opens between Seychelles and Japan.

"We are aware of the potential of vast quantities of oil and gas, but no exploration will be made within Seychelles waters without paying attention to the protection of our pristine environment. We welcome this partnership proposal with Japan, a country highly respected on Environmental and technical excellence in this field of research and development", said President James Michel.

As a reminder, in December 2012, a delegation of PetroSeychelles visited Japan at the invitation of the Japanese government and held discussions with officials of JOGMEC, as well as other Japanese oil companies.



Laurent Chinaud


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