Lankapage Logo Recent Top Stories
CP 12 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Does Sri Lanka have petroleum? Cairn to answer in first quarter 2012
Sat, Aug 20, 2011, 01:49 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 20, Colombo: A senior official of Cairn Lanka engaged in petroleum exploration in the Mannar basin of northwestern sea of Sri Lanka has said that the Company could exactly announce whether Sri Lanka has petroleum deposits by the first quarter of the next year.

The official has told the state-owned Dinamina newspaper that the company has commenced petroleum exploration at three places in Mannar basin.

He also has said that Sri Lanka would be a rich country if petroleum is found.

Cairn commenced drilling for oil in the Mannar basin early this month.

Cairn has said earlier If Sri Lanka's drilling program is successful then commercial oil production can be expected by 2014 with a billion barrels.

The Block SL 2007-01-001 was awarded to Cairn in the 2008 Sri Lanka bid round. Cairn Lanka (Private) Limited, is a wholly owned subsidiary of Cairn India and holds a 100% participating interest in the Mannar block.

Mannar basin has eight oil and gas exploration blocks and two of them have been granted to China and India. Officials of Russia's largest oil company, Gazprom recently visited Sri Lanka to hold discussions on oil exploration in the Mannar Basin.



ColomboPage - Recent 10 Stories
Sri Lanka Navy arrests two trying to smuggle 45 kilograms of gold
-- [1 minutes ago]
New Tamil Nadu CM writes to Indian PM to get fishermen's boats back from Sri Lanka
-- [29 minutes ago]
WFP distributes food and cash to drought-stricken communities in Sri Lanka
-- [1 hour and 27 minutes ago]
New Sri Lanka Atomic Energy Bill to be presented in parliament
-- [1 hour and 42 minutes ago]
Sri Lanka to create a mechanism to promote coexistence among communities
-- [2 hours ago]
Sri Lankan government does not endorse the views of the extremist Buddhist group - Minister
-- [3 hours ago]
Rights of children are adequately protected in Sri Lanka - President
-- [3 hours ago]
Two Pakistan naval ships arrive in Sri Lanka on a goodwill visit
-- [4 hours ago]
Sri Lanka cabinet approves establishing a Centre of Excellence on Ocean Sciences
Sri Lanka's Hatton National Bank acquires 51 percent stake of micro finance company

Copyright © 2000, 2010 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.