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Sri Lanka oil blocks eyed by Exxon & Shell
Oil majors Exxon Mobil Corp, Royal Dutch Shell Plc & France's Total have shown interest in bidding for blocks offered in Sri Lanka's current licensing round, the Sri Lanka's upstream regulator said on Thursday.
Sri Lanka has tried to reinvigorate oil and gas exploration efforts since the end of a three-decade war with Tamil separatists in May 2009. The country does not currently produce oil and spent US$5 billion on imports in 2012.
Sri Lanka expects to award 13 exploration blocks in the Cauvery & Mannar basins off its northwest coast in the first quarter of 2014.
"These companies have shown interest as of now ... on more than one occasion they have visited us and continue to seek clarification on terms of the contracts," Wickramasuriya said.
Sri Lanka has also offered six ultra-deepwater blocks off the southeastern coast for a joint study with PRDS to establish their hydrocarbon potential.
Total and a couple of other companies are eyeing these joint study blocks, Wickramasuriya said.
The first review of proposals will take place next week, followed by an announcement in October, he said.
Exxon, Shell may bid in Sri Lanka oil, gas block auction: government | Reuters
Oil majors Exxon Mobil Corp, Royal Dutch Shell Plc & France's Total have shown interest in bidding for blocks offered in Sri Lanka's current licensing round, the Sri Lanka's upstream regulator said on Thursday.
Sri Lanka has tried to reinvigorate oil and gas exploration efforts since the end of a three-decade war with Tamil separatists in May 2009. The country does not currently produce oil and spent US$5 billion on imports in 2012.
Sri Lanka expects to award 13 exploration blocks in the Cauvery & Mannar basins off its northwest coast in the first quarter of 2014.
"These companies have shown interest as of now ... on more than one occasion they have visited us and continue to seek clarification on terms of the contracts," Wickramasuriya said.
Sri Lanka has also offered six ultra-deepwater blocks off the southeastern coast for a joint study with PRDS to establish their hydrocarbon potential.
Total and a couple of other companies are eyeing these joint study blocks, Wickramasuriya said.
The first review of proposals will take place next week, followed by an announcement in October, he said.
Exxon, Shell may bid in Sri Lanka oil, gas block auction: government | Reuters
