Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

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
Sri Lankan President discusses ICAPP arrangements
-- [10 minutes ago]
Fairfax Asia buys 78% stake in Sri Lanka insurer
-- [51 minutes ago]
Two major Sri Lankan drug racketeers live in Peshawar, Sri Lanka police say
-- [1 hour and 28 minutes ago]
Chairman of Sri Lanka Broadcasting Corporation proposes moves to streamline the national radio
-- [2 hours ago]
Coalition parties of Sri Lankan government raise concerns over ruling alliance's path
-- [2 hours ago]
Korean language proficiency test for Sri Lankan applicants in October
-- [3 hours ago]
Sri Lanka Election Commissioner bans Muslim women wearing burqa or niqab when voting
-- [3 hours ago]
Sri Lanka President names a road in honor of the artist slain by the Marxists party
-- [4 hours ago]
U.S. actions seriously hampering reconciliation efforts in Sri Lanka, government charges
-- [4 hours ago]
Sri Lanka inflation rises to 3.6 percent in July2014
-- [6 hours ago]

Copyright © 2000, 2012 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.