The work related to oil exploration in the
Mannar basin is progressing as per the terms of the agreement entered between Cairns Lanka Limited and the Government, Petroleum Resources Development Secretariat Director General Dr Neil de Silva told Daily News Business. Cairns Lanka Limited is in the process of finding sub contractors to continue the necessary drillings. The Government called for tenders to offer more blocks and is in the process of searching for a consultant to market these exploration blocks with the Petroleum Resources Development Secretariat, he said.
Cairns Lanka undertook to drill three wells. The drilling process is scheduled to be completed before October 15, 2011. The company is at present looking for contractors to supply goods and services for drilling purposes.
The drilling process to explore oil in the Mannar basin commenced after the detailed study conducted by Cairns. The oil exploration is based on past studies and also fresh studies conducted by Cairns.
Cairns Lanka (Pvt) Limited entered into an agreement in September 2008 committing an initial investment of more than US $ 110 million towards the exploration of hydrocarbons.
Related Info:
Cairn to Drill Sri Lanka's 1st Oil Wells in Mannar Basin in January. International Oil Exploration Tenders to be Called on more Blocks
Cairn India Drills 3 Oil Wells in Mannar Basin, Sri Lanka
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