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 amend the Petroleum Resources Act to comply with international standards
Sat, Jan 26, 2013, 01:19 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 26, Colombo: Sri Lanka will make amendments to its Petroleum Resources Act No. 26 of 2003 to conform to the international standards in the petroleum industry.

The petroleum industry laws will be amended to meet the required standards of global expectations of the petroleum Industry, the Government said.

The amended act will also introduce principles of good governance into Sri Lanka's Oil and Gas industry.

The Cabinet has approved the proposal to amend the Petroleum Act forwarded by President Mahinda Rajapaksa.

Sri Lanka launched the exploration of the northwestern Mannar sea bed for oil in 2008 and gave the top block, Block 1, of the eight blocks identified by seismic studies as viable oil resources to Cairn India for drilling.

Cairn Lanka, subsidiary of Cairn India discovered gas and liquid hydrocarbons deposits in two of the three wells drilled in 2011and the company is set to launch its second phase of operations this year.

Sri Lanka has decided to expand the oil exploration activities from Mannar to Galle in the South this year.



ColomboPage - Recent 10 Stories
UK has provided 3.5 million pounds for Sri Lanka's demining program
-- [8 minutes ago]
Chinese national arrested at Sri Lanka airport trying to smuggle Wallapatta
-- [6 hours ago]
UNP Chief ministerial candidate says meeting with President's son accidental
-- [6 hours ago]
Japanese Prime Minister to visit Sri Lanka next week
-- [8 hours ago]
Sri Lankan President likely to meet Indian PM on the sidelines of UN GA
-- [8 hours ago]
Sri Lanka Marxist party to lodge complaint with rights commission on election law violations
-- [9 hours ago]
Sri Lanka to begin own probe on war crime allegations soon
Sri Lankan President instructs to start a sea water purification project
Former Secretary General of Sri Lanka Parliament Sam Wijesinha passes away
Sri Lanka national carrier celebrates its 35th anniversary

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.