Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Oil exploration in Seychelles waters attract more interest - PetroSeychelles receives two new applications

21/08/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmtkvmdgvndu2l2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

The Seychelles government has received applications for hydrocarbon exploration in two new areas situated a little more than 200 kilometres South of the main island of Mahé.

In a press statement issued this afternoon, the state-owned company responsible for regulating the hydrocarbon sector of the Indian Ocean archipelago, PetroSeychelles, said it is now inviting other interested companies to bid for two new areas for which it has received the new applications. After conducting several assessments in the 1990s, Seychelles decided to freeze all exploration efforts in order to review domestic legislation pertaining to the energy sector.

It was in June last year that the island nation invited oil and gas exploration companies to bid for exploration blocks after the lapsing of a two-year moratorium.

According to the press statement, under the “Seychelles Licensing Initiative”, which was announced in June 2013, oil companies may submit applications for specific areas of the Seychelles Exclusive Economic Zone, not exceeding 10,000 square kilometres per application, for Petroleum Exploration. The company is qualified once its financial and technical capabilities have been assessed and thereafter other companies are given 90 days to bid on the same area.

In the case of the two new areas for which it has received applications, PetroSeychelles is giving other interested companies until November 17 to submit their own proposals.“All proposals will be opened at the end of the 90 day period and one company will be selected to negotiate a Petroleum Agreement with the Government for the Area.”

Since the beginning of this year oil exploration in the Seychelles waters has been attracting more interest with several foreign companies currently involved in collecting seismic data of the rock formations for processing.

This article has been extracted from http://www.seychellesnewsagency.com/, please click on this link to read the article in full
http://www.seychellesnewsagency.com/articles/1193/Oil+exploration+in+Seychelles+waters+attract+more+interest+-+PetroSeychelles+receives+two+new+applications

Montash is a multi-award winning, global technology recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.


comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdmvmdgvmdkvmzkvmtqvmzgxl3dvbwvuigluigj1c2luzxnzlmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Dear 18-year-old me: It’s a woman’s world too

2017-03-08 09:00:00 +0000

With International Women’s Day being all about celebrating the cultural, economic, political and social achievements of women, it highlights the issue of women in technology, which remains a contentious one. Recent research from WISE, which campaigns for gender balance in science, technology and engineering, found that women only make up just 17 per cent of all IT professionals in the UK. Montash Recruitment Consultant Sadiye Booker has shared her exper...

W1siziisijiwmtcvmdivmtuvmtyvntivmjuvnzkwl2n5ymvyigf0dgfja3muanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

UK threatened by serious cyber attacks every ...

2017-02-15 16:00:00 +0000

The security of the UK has been threatened by 188 serious cyber attacks in the last three months, a government security chief has said. National Cyber Security Centre (NCSC) Chief Executive Ciaran Martin told The Sunday Times that national security was put at risk by many of these attacks. Martin was speaking ahead of the official opening of the NCSC, which has been set up to protect critical services in the UK from such attacks and improve underlying i...