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Sunday, October 02, 2011 - 18.05 GMT
Very favourable indications of presence of oil off Mannar - President

 
President Mahinda Rajapaksa said that the company carrying out exploration for oil in the Gulf of Mannar region has informed him that there are very favorable and strong indications of the presence of oil in the region.

President made this announcement in Kandy this morning.

Cairn India Ltd, a subsidiary of Cairn Energy Plc, today (Oct 2) said it has discovered natural gas in Sri Lanka’s offshore Mannar Basin, confirming an earlier announcement by the President .

“Further drilling will be required to establish the commerciality of the discovery,” Cairn said in a statement, referring to the find at the CLPL-Dorado-91H/1z well drilled at a water depth of 1,354 metres (4,442 feet).


Cairn had spud the well in early August and natural gas was struck last week, the company said.

 

 
                   
 
   
   
     
   
   

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Last modified: October 03, 2011.

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