Mannar basin oil drilling on target
Sanjeevi Jayasuriya
The work related to oil exploration in the Mannar basin is
progressing as per the terms of the agreement entered between Cairns
Lanka Limited and the Government, Petroleum Resources Development
Secretariat Director General Dr Neil de Silva told Daily News Business.
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Oil exploration |
Cairns Lanka Limited is in the process of finding sub contractors to
continue the necessary drillings. The Government called for tenders to
offer more blocks and is in the process of searching for a consultant to
market these exploration blocks with the Petroleum Resources Development
Secretariat, he said.
Cairns Lanka undertook to drill three wells. The drilling process is
scheduled to be completed before October 15, 2011. The company is at
present looking for contractors to supply goods and services for
drilling purposes.
The drilling process to explore oil in the Mannar basin commenced
after the detailed study conducted by Cairns. The oil exploration is
based on past studies and also fresh studies conducted by Cairns.
Cairns Lanka (Pvt) Limited entered into an agreement in September
2008 committing an initial investment of more than US $ 110 million
towards the exploration of hydrocarbons. |
