September 2011
News & Resources
World of Oil and Gas
Sri Lanka’s External Affairs Minister GL Peiris announced that the country is in talks with Gazprom Managing Director Valery Gulev regarding an exploration venture in the Mannar basin. “Peiris discussed with the visiting delegation issues connected with Russian cooperation in such fields as oil exploration in the Mannar basin and the Cauvery basin, the procurement of liquid natural gas, and technical expertise in respect of refineries,” said the ministry. The Mannar basin lies south of the Cauvery basin, west of Sri Lanka, and is believed to hold more than 1 billion bbl. Cairn Energy began its three-well campaign in the Mannar basin earlier this year marking the first time drilling has taken place in the country in 25 years.
