Sun, 23 Jan 2022 Today's Paper

Sri Lanka launches tender to develop natural gas site in Mannar Basin

14 February 2017 12:02 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lanka has launched a tender to develop a gas block in the Mannar Basin off its northwest coast, vacated when Cairn India pulled out of an exploration project in 2015 as oil prices plunged.
Sri Lanka produces no oil and is dependent on imports but Cairn India Ltd discovered gas in the area in 2011. The government claims seismic data shows the potential for more than one billion barrels of oil under the sea in a 30,000 sq km area of the Mannar Basin.
It invited companies to undertake appraisal and development of gas discoveries and prospects in a 2,924 sq km offshore block in the basin, the Petroleum Resource Development Secretariat (PRDS) said on its website yesterday.
“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,” it said.
It also said the remaining blocks off Sri Lankan shores will be released via a bidding round in the fourth quarter of this year. London-based WesternGeco plans 2D and 3D spec surveys ahead of the bids off the east coast and in the Mannar Basin, while the government has planned some airborne surveying, the PRDS said.

Cairn India, which is now being taken over by Vedanta Ltd, said in 2011 that it struck a 25-metre hydrocarbon column showing primarily gas with “other liquid hydrocarbon potential” in the CLPL-Dorado-91H/1z wildcat well, drilled at a water depth of 1,354 metres (4,442 feet).
It exited the project in 2015 after a nearly 50 percent drop in crude oil prices. Since the end of a 25-year civil war with Tamil separatists over seven years ago, Sri Lanka has tried to reinvigorate oil and gas exploration. Importing oil cost the island US $ 2.7 billion in 2015.
From the mid-1960s to 1984 American and Russian companies explored the Cauvery Basin off the northern shore, but only traces of oil were found and no commercial oil was produced. 

 

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


“US has a right to criticise and to be criticised” – Sam Brownback

The United States continues to police other countries on democracy and human

Indo-Lanka Accord, 13th Amendment and the Tamil March of Folly

Much concern is now being shown by political parties representing the minorit

How a Sri Lankan woman’s death shook Japan and pushed towards changes

Japan has long been internationally criticised for its refugee recognition an

Turmoil in Toronto as “Tigers” Target TNA Meeting

Last Saturday (Nov. 20) saw a group of self-styled political activists creat