Avana, EAX to explore the Seychelles

    Dec. 18, 2008
    Avana Petroleum and Dubai-based East African Exploration (EAX) have signed a production agreement with Seychelles Government to search for oil off the Seychelles coast.

    Offshore staff

    DUBAI -- Avana Petroleum and Dubai-based East African Exploration (EAX) have signed a production agreement with Seychelles Government to search for oil off the Seychelles coast.

    The companies have selected 15,000 sq km (5,792 sq mi) in three tranches that it believes include a series of high potential drilling targets.

    12/18/2008