Sri Lanka to market Mannar oil exploration blocks after appointing consultant

Sri Lanka is planning a fresh licensing round for oil exploration blocks in Mannar basin, after appointing a marketing consultant, Power and Energy Minister Kumar Jayakody said.

“The cabinet gave approval to appoint a marketing consultant to attract investors for the area (Mannar basin),” Minister Jayakody told parliament on July 25.

“The required work is being carried out.“After a consultant or consultancy company is appointed we will being marketing the blocks.”

India’s Cairn found hydrocarbon deposits in a deep sea exploration well but it was deemed too expensive extract at the time.There were no active exploration licenses at the moment, Minister Jayakody said.

 

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