Country report
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12 Pages

Seychelles upstream summary

Seychelles upstream summary

Report summary

To date no hydrocarbons have been discovered in Seychelles. Although companies have been active in Seychelles since the 1970s, this has largely focused on seismic data acquisition. The country is frontier, with only four exploration wells drilled historically, three of which encountered hydrocarbon shows. Most of the companies active have exited and relinquished their licences. JOGMEC remains the only active company in the country.

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 515.31 KB 12 Pages, 4 Tables, 5 Figures
  • Country Overview XLS - 181.50 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Seychelles Bank Basin
    • Geology Introduction
  • Exploration
    • Licensing
    • Recent Licensing Activity
    • Historic Licensing Activity
    • Drilling
      • Drilling activity
      • Future drilling activity
  • Reserves and resources
  • Production
    • Oil/liquids
    • Gas
  • Infrastructure
    • Introduction
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
  • Fiscal terms
    • Overview
    • Upstream
    • Mid/Downstream
    • Current fiscal terms
    • State equity participation
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty
      • Contractor Revenue Entitlement
      • Product pricing
      • Tax rate
      • Taxable income
      • Petroleum Additional Profits Taxes (PAPT)
      • Dividend withholding tax

In this report there are 9 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Location maps: Image 1
  • Key companies
    • Net Acreage 2016
  • Geology
    • Map of Seychelles Petroleum Basins
  • Exploration
    • Exploration: Table 1
    • Current Licences in Seychelles
    • Exploration Drilling
  • Reserves and resources
  • Production
  • Infrastructure
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
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