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Besides being a high-end tourism destination, Seychelles has a thriving fishing industry, and a versatile port that can accommodate container ships and tankers. The Petroleum Industry As things stand, Seychelles is underexplored and only four exploratory wells have thus far been drilled. Although commercial quantities of hydrocarbons were not discovered, these wells uncovered oil and gas shows and proved that Seychelles possesses a working hydrocarbon system.The petroleum industry in the Seychelles is a truly nascent industry that has much exploration ahead of it, as well as a long way to go before production of domestic hydrocarbon resources might be considered.Notably, the aforementioned Petro Seychelles - which is an arm of government - oversees the upstream petroleum sector, promoting and supervising oil exploration programs in the Seychelles Exclusive Economic Zone.The archipelago of the Seychelles was discovered in the ninth century by Arab sailors and stretches over 115 islands, the most important of which are Mahé, Praslin, La Digue and Anse Source d’Argent.These islands, in the heart of the Indian Ocean, enjoy a superb climate, turquoise blue seas and a rich flora and fauna.