Question:

In the year 2015, the price of petrol has gone up so much that the oil reserves of the Republic of Mauritius start to look interesting to exploit. The oil reserves are found strictly off-shore within the territorial waters of Mauritius. However, they are rather near to fish banks which are also an important resource to the country.

(a) You are requested to make a feasibility study for the exploitation of the oil reserves for the Government of Mauritius. Indicate how you would go about with this study and what points you would study. There is no need to provide a conclusion for the feasibility (as you may not have access to critical information - you are mainly expected to structure the investigation).

(b) How would the feasibility study be if it were for the account of an oil company wishing to exploit the reserves?