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 award one more block in Mannar Basin to Cairn India - Report
Wed, Jan 15, 2014, 01:35 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 15, Colombo: Sri Lanka plans to award a one more exploratory block in Mannar Basin to Cairn India, an Indian business report has said.

A senior Sri Lankan official quoted by the Business Standards has said that the block M5 would be awarded to Cairn Lanka by March this year.

Cairn Lanka, which made gas discoveries in two of the four exploration wells it was awarded, expects production from the country's offshore gas fields starting as early as 2016.

Cairn successfully discovered two successive gas and condensate deposits in the wells Dorado and Barracuda in the offshore Block SL 2007-01-001 in the Mannar Basin.

The Dorado discovery is up for development with first gas officially expected in 2017-18 while Barracuda is being further assessed, according to Cairn. The Company estimates reserves of 74 million barrels of oil equivalent at the two sites.

The Company last month told Rigzone that they are engaged in appraisal planning and commercial discussions with the Sri Lankan government for monetizing the discovered gas resources and have recently secured an extension to the current exploration phase to April 2014.

ColomboPage - Recent 10 Stories
Sri Lanka's LG elections after delimitation process is complete - Minister
-- [4 hours ago]
President hands over the 5th consignment of Navy's Thalassemia Infusion Systems
-- [5 hours ago]
Court orders on Immigration officials and police to show cause on escape of kidney racket suspect
-- [5 hours ago]
Full list of VAT exempted goods and services
-- [5 hours ago]
Czech support to uplift Sri Lanka's transport and civil aviation sectors
-- [6 hours ago]
VAT changes effective from today, exempt water, electricity, health and education
-- [6 hours ago]
Sri Lanka Police arrest another rehabilitated LTTE leader on suspicion of regrouping
-- [6 hours ago]
Army personnel removed from former president's security detail, Joint Opposition urges government to reconsider
-- [6 hours ago]
Sri Lankan President conveys best wishes for the 10th anniversary of Global Dignity in Oslo
-- [7 hours ago]
Bell Helicopter signs deal with Sri Lanka's Fairway Holdings for Bell 505 Jet Ranger X
-- [8 hours ago]

Copyright © 2000, 2014 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.