Oil & Gas in Srilanka

  On Sri Lanka's east coast, Trincomalee has a lot of potential to grow into a Oil rigs maintenance hub, especially for the construction of oil rigs and ships. Trincomalee might be the perfect site for this kind of development for the following reasons. Strategic Location: Trincomalee provides convenient access to oil rigs working in the Bay of Bengal and neighbouring areas due to its location along important international shipping routes in the Indian Ocean. Transit times and operating expenses for maintenance tasks are decreased by this close proximity. Existing Infrastructure: The area's well-established oil and gas infrastructure is highlighted by the Trincomalee Oil Tank Farm, which consists of 99 tanks with a combined capacity of about 10,000 metric tons. In order to improve the region's ability to accommodate large-scale oil-related operations, ongoing development projects seek to rejuvenate these facilities.  Recent Activities : Proven Capabilities: A major turnin...

  History With more recent work on seismic surveys carried out in the Mannar basin by a Norwegian seismic company, petroleum exploration in Sri Lanka got underway some 40 years ago. Three exploration blocks (M1, M2, and M3) were the subject of the first international licensing round in 2007, and in 2008, Cairn Lanka Pvt Ltd, a division of Cairn India, was granted one exploration block. In 2011, Cairn drilled three wells in Block M2, and for the first time, two of those wells yielded natural gas discoveries. Mannar Bay's oil and gas deposits are currently valued at over $200 billion. Together with SLB (previously Schlumberger) and Bell Geospace, the Petroleum Development Authority (PDA) has persisted in purchasing, processing, and reprocessing the Sri Lankan dataset for hydrocarbon resources. The primary port-to-refinery pipeline and Sri Lanka's sole refinery are in dire need of modernisation and expansion. The Sapugaskanda refinery is operated by the state-owned Ceylon Petrole...