Road shows for Mannar Basin

Road Shows to promote the Mannar Basin Licensing Round were held in London (September 10 to 14), Houston (September 17 to 21) and Kuala Lumpur (September 24 to 28).

The road shows consisted of a series of talks, one to one meetings with oil and gas companies and a digital data room.

The presentations focused on the business climate and investment opportunities in Sri Lanka, the petroleum potential of the Mannar Basin and the Model Petroleum Resources Agreement. Notice inviting offers, format for submission of bids and the Model Petroleum Resources Agreement were made available to the interested parties at the road show venues.

A total of 42 companies attended the road shows of which seven were major oil companies and 11 were independent and National Oil Companies.

The Mannar Basin Licensing Round (SL 2007-1) offers three exploration blocks, each around 3500 km2 in area, for oil and gas exploration companies. Technically and financially competent foreign and domestic bidders are invited to bid for any or all of the three blocks on offer.

IPM Forum

“The Young Members Forum of the Institute of Personnel Management has organised a “Karaoke Friday” today (12) from 5.30p.m. onwards at the Otters Aquatic Club followed by a session on “Step into Stock Market” sponsored by the Colombo Stock Exchange. Further details could be obtained from the IPM.