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Tuesday, 17 July 2012 - 13:41
Oil exploration to start soon in the Southern Sea
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Oil and gas exploration activities in Sri Lanka's offshore belt from Mullaitivu to Galle will be expanded next year.

The Petroleum Resources Development Committee chaired by the Secretary to the President took a decision to offer upto 10 offshore blocks in the Cauvery and Manner basins in Sri Lanka's second international licensing by the end of this year.

Petroleum Resources Development Secretariat Director General Saliya Wickramasuriya said that the basis for this decision was the substantial interest generated in the industry following the Kay-yarn discoveries last year and that the results of subsequent analyses of these results augers well for the future.

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