Cairn Lanka has commenced a metocean study to gauge weather and sea current patterns on Sri Lanka’s side of the Mannar basin in preparation for drilling three oil exploration wells scheduled for late 2011.
“Cairn Lanka Private Limited is the wholly owned subsidiary of Cairn India. It has acquired 1750 square kms in the Mannar Basin in Sri Lanka between December 2009 and January 2010. The Mannar basin is an under-explored frontier petroleum province, virtually un-explored in Sri Lanka with both structural and stratigraphic plays. A detailed Metocean study has recently commenced in preparation for the Exploration drilling of three wells planned to commence in the second quarter of next year.
Cairn India was awarded the first oil exploration license to explore for commercially viable hydrocarbon deposits by the government. There are several other locations in the Mannar Basin and also in waters off the North coast of the country that have been identified as possible locations of hydrocarbon deposits.