Dubai's EAX steps up Seychelles explorationDubai-based East Africa Exploration (EAX) and partner Britain's Avana Petroleum have started a second seismic survey of part of the Seychelles' seabed estimated to hold more than one billion barrels of oil. The oil and gas explorat More… |
EAX to sign oil deal with SeychellesDubai-based East African Exploration (EAX) will sign a production agreement this week with the Seychelles for a largely overlooked area of ocean the company thinks could hold billions of barrels of oil. EAX chief executive Jeff Hume said t More… |