28th June 2011, www.news360.lk
Professor Stuart Burley, Head of Geo sciences of Cairn India says commercial production of oil in Sri Lanka will start by the year 2017.
He said this is taking into consideration that the country succeeds in finding oil in the Gulf of Mannar basin.
Burley who was speaking at a workshop held in Colombo this morning reiterated Cairn’s plans to start oil drilling work in the Gulf of Mannar during this August.
He said, 3 wells have been identified in the Mannar basin to start drilling activities and added that the explorers will drill one well at a time,
Burley says, drilling a well takes over 01 year while the Appraisal and the Development part will take another 4 years, leading up to starting of commercial production.
Cairn is planning to drill a well up to a depth of 3.5 kilometers.
“We believe there is oil and gas at that level” added Burley.
Already Cairn has hired “Chikyu deep-water drill-ship” from Japan to start drilling activities, which Burley says is a world class facility.
He says the cost for hiring a drill-ship per day runs up to US$ 500,000.
According to Burley finding of a “source rock” in Pesale, an area which was tested for possible existence of oil in the seventies is an indication of having oil and gas in the area.
Gulf of Mannar basin and Pesale is located in the same area.
Related Info :
• Cairn to Start Drilling for Oil & Gas off Sri Lanka’s Northwestern Coast in July
• Sri Lanka Oil Exploration in Mannar Basin on Schedule. Tenders for more Blocks by End January
• One Billion Barrels of Oil in Sri Lanka Mannar Basin - Director General of Sri Lanka's Petroleum Resources