Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka to start second round of bidding for oil blocks
Mon, Feb 18, 2013, 02:19 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 18, Colombo: Sri Lanka plans to launch the second round of bidding for the oil blocks in the Mannar Basin off Sri Lanka's northwest coast at a conference on energy in Houston, Texas.

The bids for the oil blocks will be announced at the IHS CERAWeek 2013 in Houston on March 07, and the announcement will be followed by a road show, Petroleum Resources Development Secretariat Chairman Saliya Wickramasuriya has said in an interview with Daily Mirror.

The Secretariat has informed around 25 oil companies of the launch last Wednesday (13) and many of the companies have shown interest.

The road show will be in London from March 11th to 15th and in Singapore from March 18 to 22.

According to Wickramasuriya, up to 10 offshore blocks would be awarded in the second bidding round.

Cairn Lanka, a subsidiary of Cairn India bought the only block awarded in the first round. Cairn had explored three oil wells in the block in phase one and found petroleum residues in two of them. Exploration on a fourth well is about to start this month after a third well found to be unproductive and plugged in December 2011.

ColomboPage - Recent 10 Stories
800 km long electric fence around villages to keep wild elephants away
-- [17 minutes ago]
Sri Lanka Treasury to release last tranche of over Rs 4.0 billion to pay Golden Key depositors
-- [39 minutes ago]
Former Deputy Minister Sarana Gunawardena pleads guilty
Sri Lanka Freedom Party hands over 2017 budget proposals to Finance Minister
Sri Lanka's cabinet approves 5-year capital market strategy
South Asia's first green university opens in Sri Lanka
VAT Amendment Bill passed in Sri Lanka Parliament
Doing business getting easier in Sri Lanka in 2017
Sri Lankan government dedicated to strengthen the human rights of all - Speaker
Dr. Patrick Dixon, Europe's leading futurist to address Lankan CEOs

Copyright © 2000, 2012 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.