Offshore oil bidding to start next month

by admin
Nov 17, 2012
Sri Lanka has announced that "eight to ten" offshore oil blocks would be offered for bidding as early as next month, in the Cauvery and Manner basins.

The announcement by Saliya Wickramasuriya director general of the island's petroleum exploration office, follows the discovery of two potential gas reserves by Cairn Lanka in Mannar last year.

Wickramasuriya stated that bidding would be kept open until around May 2013 and went on to state that oil companies from Russia and Vietnam had expressed interest. It was also reported that Sri Lanka has offered the oil blocks to both China and India.

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