Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka calls new tenders for petroleum resources development in M2 block of Mannar Basin
Sun, Feb 12, 2017, 02:18 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 12, Colombo: The Sri Lankan government is calling new tenders for development of petroleum resources in M2 block of Mannar Basin that was offered to Cairn Lanka for exploration earlier.

The government is inviting expressions of interest for partners to undertake the appraisal and development of gas discoveries and prospects in the 2,924-sq km offshore (ex-Cairn SL 2007-01-001, aka block 2) block M2, Mannar Basin, the Petroleum Resources Development Secretariat (PRDS) announced last week.

In 2013, Cairn made gas discoveries in two of the four exploration wells it was awarded in the Mannar basin. It successfully discovered two successive gas and condensate deposits in the wells Dorado and Barracuda in the offshore Block SL 2007-01-001. Cairn Lanka exited its operations in Sri Lanka following the drastic drop in crude oil prices in 2015.

The block will be offered for licensing this year, including the Barracuda and Dorado gas-condensate discoveries. A data package will be available containing well data and some 2,600 sq km of 3D seismic coverage.

The remainder of Sri Lankan acreage will be released in a bid round in 4Q '17, the PRDS said. The London-based geophysical services company WesternGeco is planning 2D and 3D spec seismic ahead of this off the East coast and in the Mannar Basin. Some airborne FTG/mag surveying is also planned.

The PRDS said government officials will be available for private meetings in Houston from 5-9 March and in London from 13-14 March. The Sri Lankan plans will also be discussed at CERAWeek 2017 in Houston on 7 March.

 


ColomboPage - Recent 10 Stories ::
Sri Lanka tea features prominently at the United Nations in New York
-- [3 hours ago]
Health Minister highlights Sri Lanka's health achievements at 70th World Health Assembly
-- [3 hours ago]
Sri Lanka's Disaster Management Center warns of flooding of rivers in low lying areas as heavy rains continue
-- [3 hours ago]
Sri Lankan President and Australian PM agree to enhance bilateral cooperation
-- [5 hours ago]
Sri Lanka Police and law enforcement authorities ordered to take prompt legal action against hate crimes
-- [6 hours ago]
Sri Lanka cabinet nod to set up a 1040 MW hybrid wind and solar energy park in Pooneryn
-- [6 hours ago]
Investors and Business partners from over 20 countries to take part in 'Sri Lanka Investment Conclave'
-- [7 hours ago]
Sri Lanka police blamed for inaction on attacks against Muslims
-- [7 hours ago]
Sri Lanka Prime Minister condoles Manchester attack
Sri Lanka Investment Forum held in Beijing

Copyright © 2000, 2016 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.