Mannar Basin - Oil and gas exploration to begin next year: Hashim

30 March 2019 12:07 am - 5     - {{hitsCtrl.values.hits}}

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Oil and gas exploration in the Mannar basin will begin next year and the agreement will be signed with a prospective investor on a production sharing basis, Petroleum Resources Development Minister Kabir Hashim told parliament yesterday.

He said bidding was invited to find a prospective investor and that 12 local and foreign companies have already submitted bidding papers.

"We opened a round of bidding on January 6. It will continue till May 7 to find a prospective investor. We will sign a production-sharing agreement with the selected investor on 2020 and launch oil exploration activities soon after. We expect the first production of natural gas during the period 2023 to 25," he said.

The minister said surveys and studies have revealed that two gas blocks of 9 trillion square meters and two oil blocks of over 2 billion barrels were discovered in the Mannar basin. (Ajith Siriwardana and Yohan Perera)

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  • Sarath Fernando Saturday, 30 March 2019 10:07 AM

    So many successive governments have done this and again the same process started.

    asela Saturday, 30 March 2019 11:07 AM

    Please dont waste our money. This will certainly be another Volkswagen project. Do not become jokers and liars any further. enough is enough . Stay for the next few months in a calm and a gentle manner and get vanished after the elections. Kabir - We are well aware of your involvement in one of the CEB projects

    Oiz Saturday, 30 March 2019 11:59 AM

    Don’t trust anything what these people say.

    kumaran Saturday, 30 March 2019 05:30 PM

    They started this in 1975, under Mrs. B! What a bunch of jokers we have! Either we have the oil or we do not. If we have then exploit if not, shut the book and the mouth. Just bull----g is all you jokers do.

    P. de. silva Saturday, 30 March 2019 05:31 PM

    This project is an utter waste, because not a single government has been done in a proper way. To the knowledge how many countries have been involved in recent past, but nothing happened and some said found gas and some crude oil but it's a question and like a white elephant. These government's and politicians are playing with state money (people's money). If it's happening in reality, good for the people and the future of the country. Hopes for the best of luck.


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