Watching the World: South Pacific oil ambitions

09/19/2005
Oil and gas probably don’t figure in many romantic visions of the South Pacific. But for people who live in the region, there’s a growing desire to develop domestic supplies.Consider the Solomon Islands, 27,540 sq km of land dotting the Pacific east of Papua New Guinea.The SI government, which believes the country has major reserves of oil and gas, said it soon will be seeking international investors.Offshore depositsSI Mining and Energy Minister Basil Manelegua said a survey in the 1970s and a more recent one by the South Pacific Applied Geoscience Commission indicate deposits of offshore oil and gas.Manelegua said the deposits are in the Shortland basin, Guadalcanal’s ...
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