Business Times

Drilling starts next year on 3 oil wells

Cairn Lanka Private Ltd has completed the acquisition of 1,750 square km 3D seismic survey data in the Mannar Basin in Sri Lanka which started back in December 2009. Reliable sources told the Business Times that according to Cairn, the exploration drilling of three wells are set to commence in the 2Q2011. The Mannar Basin is an under-explored frontier petroleum province, virtually unexplored in Sri Lanka with both structural and stratigraphic plays. One source said the programme fulfills the commitment of 1,450 square kilometers of 3D seismic data acquisition.

Cairn Lanka which is a wholly owned subsidiary of Cairn India was awarded the 3D seismic data acquisition contract, after an open tender process to Compagnie General de Geophysique Veritas (CGGV), one of the largest international seismic contractors with a fleet of modern seismic survey vessels. The Gulf of Mannar 3D marine seismic survey was acquired by the M/V Viking II, a very modern purpose built seismic vessel using the latest technology and equipment, the source said.

The survey vessel was fitted with the most modern equipment for seismic data acquisition, communication, navigation and onboard processing systems and operates within strict international environmental and safety standards. A team of some 50 highly trained marine and seismic technical engineers were aboard to operate the vessel 24 hours a day. In addition, the earth’s magnetic and gravity field was also to be recorded, which will assist in interpreting the regional setting of the 3D seismic data that has been acquired.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
Other Business Times Articles
Controversy over costs and revenue of IIFA
BOI funds transfer to Treasury, agreements being reviewed
Asiri Hospitals eyeing Bangladesh
e-Sri Lankans assist in building a unique global chip
Dankotuwa directors meet on Wednesday on liquidation issue
Motorcycle prices soon up by Rs. 6000
ODEL raises capital, expands
Economic lessons from Mahathir
Lessons from the Maldives
Sri Lanka's satellite: Lost in space?
Debating CEPA or destroying the debaters?
South Asia does well in post-financial crisis recovery
DCSL annual profit down 30%, quarterly profit down 49%
Sri Lanka among the safest places in the world - PM
Ampara farmers rejuvenated by rehabilitated irrigation canal
Lankan Minister predicts booming economy for Sri Lanka with north-east contribution
Kilinochchi businessmen limited credit due to lack of collateral
John Keells celebrates World Environment Day
DFCC Bank profits rise
Tax reduction will cause problems to the state
CEOs want HR to demonstrate high enthusiasm for the business
Mahathir Mohamad makes his mark in Sri Lanka
Dankotuwa eyes domestic market for future growth
Ceylon Guardian Group reports Rs.1.6 mln profit
CB's loans more than Rs 3 billion to the North
Sri Lanka Insurance launches door-to-door service
CILT enters the CCC umbrella
CMA panel discussion on “Sustainable Business”
Finlay’s Estates gets Rainforest Certification
CSE responds to SEC on LOLC's stockbroker licence
Drilling starts next year on 3 oil wells
Hemas will see FMCG, leisure and power sectors boost profits
CBSL appoints sovereign rating committee
Struggling real estate, property development to return as key investment avenues
NCE targets US$20 billion in exports by 2020
Full service virtual ad agency launched globally
LOLC profits up as cost of sales falls
ADB provides US$ 212.8 mln for North-East development
‘We believe, We achieve, We win’ - new theme for SLIM
Dialog TV partners Orange Electric for customer education drive
CMA Accounting Summit - Regional Heads meet in Colombo
Derivatives demystified


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution