Seychelles prepares for offshore licensing round

Seychelles Petroleum Co. (Seypec) completed an oil-slick mapping and interpretation project off Seychelles in partnership with Infoterra Ltd. to prepare for a licensing round later this year.

Jul 1st, 2009

Uchenna Izundu
OGJ International Editor

LONDON, July 1 -- Seychelles Petroleum Co. (Seypec) completed an oil-slick mapping and interpretation project off Seychelles in partnership with Infoterra Ltd. to prepare for a licensing round later this year.

The companies have gathered more than 150 radar satellite scenes across 500,000 sq km—making it the largest slick-mapping project ever done off Seychelles.

The data will be used to identify mature source rocks and a petroleum system. “We will use this data to support the planning of seismic projects and subsequent geochemical programs,” said Patrick Joseph, Seypec exploration manager.

Infoterra ranked all oil slicks as probable natural seepage or manmade pollution and mapped the location and movement of all shipping visible in the area to give a more complete picture.

According to reports, the Seychelles will offer 70,000 sq km of offshore acreage in the licensing round.

One operating company in the nation is East African Exploration Ltd., which signed a production-sharing agreement last year with the government covering 15,000 sq km.

The two larger tranches, Area A (7,510 sq km) and Area B (6,808 sq km) lie in shallow water in the northern half of the Seychelles plateau. Area C (680 km) is in the south.

EAX is required to shoot 2,000 line-km of seismic and drill one well by October 2012, according to its work program.

Contact Uchenna Izundu at uchennai@pennwell.com.

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