Oil's new frontier? The Seychelles plans to fast-track drilling despite environmental concerns

Sirop14 Fri Feb 23, 2018 12:46 pm

Oil's new frontier? The Seychelles plans to fast-track drilling despite environmental concerns
Jillian Ambrose, in the seychelles
21 FEBRUARY 2018 • 2:48PM
The Seychelles could fast-track permission to hunt for oil in the waters of its archipelago of tropical islands within weeks, paving the way for drilling by the end of the decade.

PetroSeychelles, a state-backed oil company, said its negotiations with oil minnow Sub Sahara Resources (SSR) should conclude shortly, while the planning process could complete within the next two years.

Chief executive Patrick Joseph said: “If there are no big issues – which I don’t think there will be – we should complete negotiations within one month.”

Mr Joseph said the islands could host a “world-class” oil discovery based on its early test drilling. The region has only undertaken four early test wells, of which three have suggested “excellent” hydrocarbon reserves just a hundred yards below sea level.
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1 day ago - The Seychelles could fast-track permission to hunt for oil in the waters of its archipelago of tropical islands within weeks, paving the way for drilling by the end of the decade.PetroSeychelles, a state-backed oil company, said... ... The Seychelles plans to fast-track drilling despite environmental concerns.
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Oil s new frontier? The Seychelles plans to fast-track drilling despite ...
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2 days ago - Oil s new frontier? The Seychelles plans to fast-track drilling despite environmental concerns.
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