'New business opportunities related to oil and gas
exploration in Sri Lanka':
The National Chamber of Commerce of Sri Lanka will hold a seminar on
"New business opportunities related to oil and gas exploration in Sri
Lanka" on March 14 from 3.00 pm to 4.30 pm at the National Chamber
Auditorium, D R Wijewardana Mawatha, Colombo 10. The Petroleum Resources
Development Secretariat (PRDS) has advised the business community that
petroleum exploration activities in Sri Lanka may increase significantly
in the future, and has requested key Chambers to conduct discussions
with their membership for ideas on increasing their participation in
them. These ideas will be consolidated, discussed, and where feasible
applied towards addressing the government's wish to increase local
content in the industry.
Local content can be measured in many ways, ranging from short term
employment and commercial activity, to long term knowledge transfer and
capacity building. The PRDS's objective is to manage Local Content
Policy in successive Petroleum Resource Agreements to ensure that the
industry can be sustained with primarily Sri Lanka resources within the
shortest possible time. The PRDS functions under the President.
Saliya Wickramasuriya, Director General of the PRDS will address the
business community on the current status and future potential of
petroleum exploration in Sri Lanka.
He will also explain in more detail the structure of the industry and
the different categories of goods and services in the market, within
each of which may exist opportunities for Sri Lankan businesses.
Apart from the exploration process itself, mid and downstream areas
such as pipelines, storage and transport will be touched on, along with
support services such as banking, insurance, engineering design, safety
training and equipment, aviation services, equipment certification,
chemicals, cement, construction, fabrication and warehousing and any
others that lend themselves to immediate Sri Lankan participation.
In addition, the new initiatives launched by our Universities to
increase the human resource pool in the upstream sector will also be
discussed. Full involvement of all stakeholders is essential to meet the
challenges of successful transition to a petroleum economy, and the Sri
Lankan business community could obtain first hand information that may
help them plan and play their key role more effectively.