Cairn Lanka sets Feb 01 for spudding fourth exploratory well

Wednesday, 30 January 2013 - 11:07


Cairn Lanka will commence drilling a fourth exploratory well 21km off the Kalpitiya coast on February 01st in its search for commercially viable hydrocarbon deposits in Sri Lanka’s side of the Mannar Basin.


The availability of a drillship, the ‘Discoverer Seven Seas’ owned by Singapore-based Transocean Incorporation made it possible for Cairn Lanka to advance the drilling by a quarter, paving way for the team to exploit a prime ‘weather-window’.


Cairn Lanka, fully owned by Cairn India, has already invested 150 million dollars on the first phase which resulted in the discovery of two successive gas and condensate discoveries on wells named CLPL Dorado and CLPL Barracuda.