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Brief history of the country
Maldives (the Republic of Maldives) is a country in the Indian Ocean to the southwest of India. It is an archipelago of 26 coral atolls.
Immigrants from India and Sri Lanka settled from around 500 BC followed by sailors from the Indus and Austronesians on their way to Madagascar. Various dynasties ruled until the 11th century when the northern atolls became part of the Tamil Chola Empire. In the 12th century a Maldivian kingdom was established.
Visitors converted the locals to Islam and the islands acted as a trading stop for Arabs until the 16th century when Europeans began to dominate. In 1887 the Sultan asked to become a UK protectorate with self-rule. The UK used the southernmost atoll as an air base but, needing to reduce its global financial commitments, it gave full independence to the islands in 1965 and the airbase closed in 1976.
The Sultanate continued until 1968 when the islanders voted to become a republic. A tourist industry was developed but the autocratic president built up large debts and his rule was disrupted by a series of failed coup attempts.
In 2008, after the 2004 tsunami, a new president was finally voted in but unrest has continued with regular arrests of political opponents. The economy is dominated by tourism and fishing.
Oil and gas summary
The Maldives consists of 1,192 coral islands grouped in a double north-south chain of 26 atolls spread over 90,000 sq kms of ocean, although the Maldives is the smallest Asian country in terms of land area and population.
The atolls are composed of live coral reefs and sand bars, situated above the Chagos-Maldives-Laccadive Ridge, a submarine mountain range 960 kms long. They have an average elevation of just 1.5m with a highest natural point of 2.4m.
The ridge is volcanic extending between the northern and central Indian Ocean. It was formed by the rapid migration of the Indian Ocean plate northwards over the so-called Reunion hotspot that now lies beneath the island of Reunion.
The coral atolls of the Maldives have no history of drilling and production apart from just one dry exploration well drilled in 1976 on the edge of North Male atoll in 45m of water by Elf-Aquitaine.
Subsequently all rights in the Maldives were relinquished and no further exploration has been carried out. Globalshift regards the Maldive islands as having no oil and gas potential, either onshore or offshore.
At the end of 2004, following an Indian Ocean earthquake, the Maldives were devastated by a tsunami with only 9 islands escaping flooding. The government is trying to make the Maldives a carbon-neutral country due to concerns about rising sea-levels and is campaigning for more global action on climate change.
MALDIVES
Map and National Flag
SOUTH ASIA
Coral atoll islands
South Asia
Capital
Population
Land area (sq kms)
Oil prod (000s b/d)
Gas prod (bcm/yr)
Oil cons (000s b/d)
Gas cons (bcm/yr)
Male
0.3 mm
236,800
None
None
7.3
None
Government
The Maldives is a democratic republic with the elected President as head of government, appointing the cabinet.
The unicameral legislative body (Majlis) is composed of 77 members serving a 5-year term.
There is no department of government in the Maldives specifically responsible for oil and gas resources but 31 protected areas are administered by the Ministry of Environment and Energy and the Environmental Protection Agency (EPA).