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
Opposition Presidential Candidate asks Sri Lankan President to stop violating election laws
-- [19 minutes ago]
Sri Lanka's first mass media outlet for Muslims launched
-- [1 hour and 30 minutes ago]
Sri Lankan court extends remand of 38 Indian fishermen till December 31
-- [2 hours ago]
Sri Lanka's John Keels in US$ 445 million deal with Standard Chartered Bank for development project
-- [2 hours ago]
'After 27 years, we gave you an election', Sri Lankan President tells North
-- [2 hours ago]
CA Sri Lanka, SEC honours top corporate leaders for demonstrating leadership excellence
-- [9 hours ago]
Sri Lankan court sentences two Pakistani men to death for drug trafficking
Construction of houses for Sri Lanka landslide victims to begin today
Human Rights Commission of Sri Lanka advises local government authorities to obey election laws
Sri Lanka’s Singer PLC’s debenture oversubscribed

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.