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E & P News

2016

Mar 2016: JOGMEC has signed an extension to the Joint Survey Agreement for the evaluation of the hydrocarbon potential in offshore Seychelles with PetroSeychelles. JOGMEC has been conducting geological and geophysical surveys 2013 under the Exploration License granted by the Government.

Jan 2016: Ophir has elected to exit Blocks 5B/1, 5B/2 and 5B/3. Under the terms of the Petroleum Agreement the Blocks revert back to the Seychelles Government. Partner WHL Energy is in discussions with the Government to continue its participation in the Blocks.

2014

Mar 2014: Ophir Energy will farm-in to earn a 75% interest in WHL Energy’s  offshore interests . Ophir will fully fund the acquisition of 1,500 sq kms of 3D seismic up to a total amount of US$17 mm and  will pay partial  back costs. Following the acquisition before the end of 2015 Ophir may withdraw or exercise further options including  to 90% fund an exploration well up to a total amount of US$30 mm.

2013

Jan 2013: Afren has started the first 3D seismic survey offshore the Seychelles. It comprises two surveys in the company’s license areas A and B, which extend over 14,319 sq kms. The first program is on the southern portion of the licenses over the Bonit prospect followed by a survey on the northern section of the license area where prospectivity in Cretaceous and Jurassic intervals has been suggested.

2012

Nov 2012: The Seychelles National Oil Company in April announced it was launching bids for 30 oil and gas exploration blocks but has pushed back the bidding process to 2013. It will wait for a recommendation from the International Monetary Fund on how best to set up a licensing round. Afren and Australia's WHL Energy already hold exploration licences in Seychelles and a few others have expressed interest.

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