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The Maldives are coral atolls growing on the Chagos-Maldives-Laccadive Ridge, a submarine mountain range that is 960 kms long, rising abruptly from the Indian Ocean.
The ridge is volcanic extending between the northern and central Indian Ocean. It was formed by the rapid migration of the Indian Ocean plate northwards over the so-called Reunion hotspot that now lies beneath the island of Reunion.
Consequently Globalshift regards the Maldive islands as having no oil and gas potential, either onshore or offshore.
The coral atolls of the Maldives have no history of drilling and production apart from just one dry exploration well drilled in 1976 on the edge of North Male atoll in 45m of water by Elf-Aquitaine.
Subsequently all rights in the Maldives were relinquished and no further exploration has been carried out.
Globalshift does not forecast any future production of oil or gas from the country.
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