BusinessFuture MAURITIUS WF Business

Seychelles undersea rocks falls into the oil window: Mauritius and Mahe to get their own oil soon?

Will Mauritius and the Seychelles get their own oil explorations soon? The question is asked after Neil Hodgson, Geoscience’s evp said yesterday the company’s basin modeling puts the potential for oil in the Mascarene Plateau between Mauritius and the Seychelles.

“Our basin modeling puts the potential Seychelles style pre-volcanic source rocks into the oil window; this is corroborated by the presence of high-quality oil slicks above the prospective area captured on satellite data.

“A live working hydrocarbon system lying unexplored below the basalts across this whole area is clearly demonstrated. Modern seismic acquisition and broadband processing techniques will allow us to reveal the oil potential of this fascinating basin,” said Hodgson.

Spectrum Geo will acquire and process 20,000 km (12,427 mi) of 2D broadband seismic over the Joint Management Area (JMA) covering the Mascarene Plateau between Mauritius and the Seychelles.

The Offhsore Mag said new dataset will cover exploration blocks already delineated by the Joint Commission, which administers the JMA, under its Hybrid Open Door licensing system.

Since then, they have been jointly developing a legal and institutional framework, producing various documents including a Model Petroleum Agreement, Environment Code of Practice, Offshore Petroleum Safety Code, and a Joint Fiscal and Taxation Code.

Spectrum Geo’s Graham Mayhew signed an agreement to conduct the program with Dr. M. R. Badal, Director General of the Mauritian Ministry of Defence and Mr. P. Michaud, Special Advisor to the Vice-President of Seychelles in attendance.

Leave a Reply

Back To Top