Seychelles Nation has highlighted that a new survey to explore potential oil reserves is expected to begin in an area jointly managed by Seychelles and Mauritius. Chief executive of PetroSeychelles, Patrick Joseph, confirmed the joint interest and said, “To achieve this, we need to know what is there. This can be achieved through conducting seismic surveys as a first step and drilling later. The best way to get the data acquired is through a multi-client survey whereby a seismic contractor undertakes the survey at their costs and sells the data to multiple interested parties.”
The seismic survey will be undertaken by Spectrum Geo, a UK company with great experience in this area. It's not yet known when the survey will begin. The Joint Management Area is an area of the seabed in the Mascarene Plateau.
A treaty was signed in 2012 between Mauritius and Seychelles securing rights to additional seabed covering over 400,000 square kilometres. Seychelles and Mauritius have established the world’s first Joint Management Zone covering such an area, and a Joint Commission to coordinate and manage the exploration, conservation and development of the living and non-living resources of the seabed in the area.