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Seychelles, Africa

​LIST OF INSURANCE COMPANIES LOGOS IN SEYCHELLES

Seychelles, AfricaSeychelles, Africa – World Insurance Companies Logos. The symbol of a company is synonymous with its brand. In insurance, the image of the logo is instantly recognizable and allows the customer to associate the company with the useful qualities such as trust, the right price and many other vital issues about finding the best insurance. Click on the logo image of the insurance companies for a lot of up-to-date information offering to each SEYCHELLES insurer. We would like to help you find the best assurance. 

LIST OF LOGOS OF THE SEYCHELLES INSURANCE COMPANIES

Seychelles flag
Seychelles press

The economy of Seychelles

The economy of Seychelles is based on fishing, tourism, the processing of coconuts and vanilla, coir (coconut fiber) rope, boat building, printing, furniture and beverages. Agricultural products include cinnamon, sweet potatoes, cassava (tapioca), bananas, poultry and tuna.

The public sector, comprising the government and state-owned enterprises, dominates the economy in terms of employment and gross revenue, employing two-thirds of the labor force. Government consumption absorbs over one-third of the GDP.

Financial Services
In addition to the now booming tourism and building/real estate markets, Seychelles has renewed its commitment to developing its financial services sector. Government officials and industry participants believe this could overtake the tourism industry as the chief pillar of the economy by 2017. The recent passage of a revised Mutual Fund Act 2007, Securities Act 2007 and Insurance Act 2007 are meant to be the catalysts to move Seychelles from just another offshore jurisdiction to a full-fledged Offshore Financial Center (OFC).

The Ministry of Finance is responsible for economic decisions and budgetary policy. A separate Monetary Authority supervises the banking system and manages the money supply. Although foreign banks operate branches in Seychelles, the government owns the two local banks—the Development Bank of Seychelles, which mobilizes resources to fund development programs, and the Seychelles Saving Bank, a bank for savings and current accounts.

The Seychelles International Business Authority (SIBA) is charged with overseeing the quickly growing offshore industry.

Offshore oil and gas
New detailed studies and exploration shows that the Seychelles potentially have large off-shore petroleum reservoirs which are yet to be discovered. Drills have proven the presence of:

Oil-prone source rocks containing Type II kerogen in coaly details shales of the Middle Jurassic and marine shales of the Upper Jurassic;
Mixed source rocks bearing Type II/III kerogen deltaic marine shales of the Lower Cretaceous that are II correlative of oil-generating shales in Somalia;
Gas-prone sources containing Type I kerogen in Upper Triassic fluvial shales and Paleocene marine shales, the latter being correlative of oil and gas generating source rocks of the Deep Continental Shelf trend of the Bombay High Oil Province offshore west India;

Evidence of hydrocarbon generation and migration with well shows, such as 0.7 ml benzene in DST-1 of Reith Bank-1, 10,010 ppm of 99.8% n-C4 headspace gas coincident with as small fault in the same well and 20% petrol vapors at an immature level of vacancies in Owen Bank A-1;
Clastic reservoirs with measured porosities up to 22% in the Early-Middle Jurassic;
Sealing lithologies occur both locally in syn-rift, and regionally in post-rift sequences
An extensive seismic dataset, plus a variety of remote sensing data have been collected which bolster the well data by confirming the presence of:
A variety of trapping styles, dominated by tilted fault blocks, stratigraphic pickets’ and reefs;
Multiple heating events, with the principal event post-dating trap formation; and
Hydrocarbon generation and migration with the presence of: a) numerous DHIs on seismic, including gas chimneys, flat spots, bright spots, phase changes and chemosynthetic reefs; b) gas sniffer anomalies, involving ethane/ISO-butane in the southeast and propane/normal butane/total hydrocarbon in the north and northeast; c) UV fluorescence anomalies, especially over the wells and in the southeast; and d) 4 types of beach-stranded tar that correlate to the local source rock stratigraphy.

However, to date all exploratory and stratigraphic test wells (a total of 9 since the 1970s) in the Seychelles have failed to find commercial hydrocarbons. The most recent wildcat by Enterprise Oil in 1995 detected gas, but failed to find hydrocarbons.

Several oil and gas exploration companies are active in the Seychelles offshore. These include East African Exploration (EAX) (a subsidiary of Afren), Avana Petroleum (a subsidiary of Vanoil Energy) and WHL Energy.

Beginning at the turn of the millennium the Seychelles Petroleum Company (SEPEC) started to develop the first fleet of modern petroleum double-hull tankers (five vessels), which was completed by late 2007/early 2008 with the possibility to build more in the near future.

The Seychelles President claims that this has opened the door to a new industry in his country and encouraged economic growth by further removing over-reliance on traditional trades like fisheries and tourism, which is now falling rapidly as the country’s main income but nevertheless, has experienced significant growth in recent years
​From Wikipedia

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Seychelles, Africa – World Insurance Companies Logos

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