Member's Area
Indian Ocean Rim Association
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Offshore Hydrocarbons & Seabed Minerals

Offshore Hydrocarbons & Seabed Minerals

With the decreasing inland mineral deposits and increasing industrial demands, much attention is being focused on mineral exploration and mining of the seabed. The seabed contains minerals that represent a rapidly developing opportunity for economic development in both the Exclusive Economic Zones of coastal nations and beyond the limits of national jurisdiction. Seabed exploration in the Indian Ocean has already started, but the major constraints in the commercialization of these resources lie in the fact that Member States have limited data on the resources their exclusive economic zone (EEZ) possesses, lack capacity for exploration, mining and processing of these minerals. Therefore, improved information is needed to assess the potential across the region.