Sri Lanka’s first oil company to bid for exploration licence
View(s):Ceylan Energy, Sri Lanka’s only oil and gas exploration and production company, will be making a bid for an oil exploration licence when the second round of licences is announced, officials said.
“Yes we will be bidding by forming partnerships with major oil and gas operators,” noted company chairman Harry Kulasinghe. Currently global oil player, Cairns has an exploratory drilling license off Sri Lanka’s shores.
He is the son of renowned engineer, the late Dr. A.N.S. Kulasinghe, has over 30 years of global experience in the oil and gas industry and comes from a family that has, for decades, pioneered the engineering and industry in Sri Lanka.
Meanwhile Colombo-based Ceylan Energy is to be launched tomorrow. The company brings together some of Sri Lanka’s leading oil and gas professionals who are committed to maximising the island’s resources and developing its energy industry, the company said in a statement.
On launching Ceylan Energy, Mr. Kulasinghe said:
“The launch of Ceylan Energy marks an important step in the development of Sri Lanka’s energy sector. Our team has over 100 years of collective oil and gas experience, in-depth local knowledge and an invaluable network of contacts. As a company with an entirely homegrown team, we are determined to maximise the island’s resources and nuture our local industry.” Ceylan Energy said it is also sponsoring Sri Lanka’s first E&P symposium, which will take place between July 8 and 12 in Colombo and Kandy.
The event, organised by the country’s Petroleum Resources Development Secretariat (PRDS), will showcase the commercial, cultural and social benefits of working in Sri Lanka.
The symposium will promote Sri Lanka’s upcoming second licensing round, due to take place late this year. For this licensing round, 13 blocks have been designated in the Sri Lankan sectors of the Cauvery and Mannar basins located to the North and West of Sri Lanka, respectively.
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