Country Report

Seychelles upstream summary

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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.

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Seychelles Bank basin
    • Geology Introduction
    • Licensing
    • Historic licensing activity
    • Recent licensing activity
    • Drilling
      • Drilling activity
      • Future drilling activity
  • Reserves and resources
    • Liquids
    • Gas
    • Introduction
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • Licensing
    • 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)
      • 1 more item(s)...

Tables and charts

This report includes the following images and tables:

  • Key facts: Table 1
  • Location maps: Image 1
  • Net Acreage 2025
  • Map of Seychelles petroleum basins
  • Current licences in Seychelles
  • Exploration drilling
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2

What's included

This report contains:

  • Document

    Country Overview

    PDF 10.68 MB

  • Document

    Country Overview

    XLS 161.50 KB