Sri Lanka strikes gas with oil potential: Cairn

CSE.SAS · 1 Sri Lanka strikes gas with oil potential: Cairn Mon Oct 03, 2011 3:35 am

CSE.SAS

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Cairn Lanka (Pvt) Ltd, a unit of Cairn India Limited said a natural gas deposit with liquid hydrocarbon potential has been found in its oil drilling program off Sri Lanka's northwest coast.

Cairn Lanka bought the first of three oil exploration blocks off the coast of Mannar.

"Further drilling will be required to establish the commerciality of this discovery," Cairn Lanka said in a statement.

Cairn said its data indicated the presence of a 24 meter hydrocarbon column between the depth of 3048 to 3038 meters.

The data indicated it to be "predominantly gas bearing with some additional liquid hydrocarbon potential," the firm said.

Sri Lanka's President Mahinda Rajapaksa announced the find earlier in the day at a speech in Kandy in central Sri Lanka.

Sri Lanka first started looking for oil in the 1970s.

http://lbo.lk/fullstory.php?nid=1175143771

bePositive · 2 Re: Sri Lanka strikes gas with oil potential: Cairn Mon Oct 03, 2011 6:49 am

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It is a significant discovery. Let's hope and pray that it will be commercially viable to continue to drill for more oil.

Slstock · 3 Re: Sri Lanka strikes gas with oil potential: Cairn Mon Oct 03, 2011 6:58 am

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Can we find significant oil next? Will be major boost for the economy. Sri Lanka will be a highlight /

But hope the foriegn powers who are not that interest in Sri Lanka now ( only interested in screwing SL up) will not have philanthropic interest then Wink

ashoka1966 · 4 Re: Sri Lanka strikes gas with oil potential: Cairn Mon Oct 03, 2011 8:30 am

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Ohhh…My god !!!!
Will we have to face the same problems of countries……. which are gifted with natural gas and oil such as…..Iraq,Sudan ,Libiya…..etc..in the future from west alliance led by USA,UK,France..etc.???????????????????
affraid

Soundchips · 5 Re: Sri Lanka strikes gas with oil potential: Cairn Mon Oct 03, 2011 9:06 am

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If there is gas and confirmed potential of descovring petrolium below that is real. by 2012 Sri Lanka may see some real benifits. they explain that predominantly gas bearing with some additional liquid hydrocarbon potential is found in the area. next couple of years would be very attractive for SL.

wsaman · 6 Re: Sri Lanka strikes gas with oil potential: Cairn Mon Oct 03, 2011 9:16 am

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ashoka1966 wrote:Ohhh…My god !!!!
Will we have to face the same problems of countries……. which are gifted with natural gas and oil such as…..Iraq,Sudan ,Libiya…..etc..in the future from west alliance led by USA,UK,France..etc.???????????????????

Dont worry bro....
Saudi is a richest country with oil...But they are a very good friend of USA. Not only Saudi. There are many gulf countries,they are very good friends with USA lead west countries..

Some times Sri Lanka too in near future.... Very Happy

ashoka1966 · 7 Re: Sri Lanka strikes gas with oil potential: Cairn Mon Oct 03, 2011 10:22 am

ashoka1966

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wsaman wrote: Dont worry bro....
Saudi is a richest country with oil...But they are a very good friend of USA. Not only Saudi. There are many gulf countries,they are very good friends with USA lead west countries..

Some times Sri Lanka too in near future....

No ….No… bro…
In good old days …Gadafy was a good friend of US.
Not only Gadafy….., Sadam Hussain …even …Osama Bin Laden were good friends of US.
Shocked

WildBear · 8 Re: Sri Lanka strikes gas with oil potential: Cairn Mon Oct 03, 2011 10:37 am

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ashoka1966 wrote:

wsaman wrote: Dont worry bro....
Saudi is a richest country with oil...But they are a very good friend of USA. Not only Saudi. There are many gulf countries,they are very good friends with USA lead west countries..

Some times Sri Lanka too in near future....

No ….No… bro…
In good old days …Gadafy was a good friend of US.
Not only Gadafy….., Sadam Hussain …even …Osama Bin Laden were good friends of US.

Sri Lanka oil exploration is led by India,Russia,China: they are the next super powers of the world, and 21 st Century Belongs to ASIA. US and Europe are perishing Razz

That's why those western countries screaming about Human Rights, mind you, Vladamir Putin is planning reentering as Russian President, Which is USA's worst nightmare

Backstage · 9 Re: Sri Lanka strikes gas with oil potential: Cairn Mon Oct 03, 2011 11:04 am

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Haleys has a foot in the door in terms of logistical support. DP must be licking his lips at the sell of the gas.

hilux · 10 Re: Sri Lanka strikes gas with oil potential: Cairn Mon Oct 03, 2011 2:57 pm

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would this have an impact on power sector?

sapumal · 11 Re: Sri Lanka strikes gas with oil potential: Cairn Mon Oct 03, 2011 4:00 pm

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ashoka1966 wrote:Ohhh…My god !!!!
Will we have to face the same problems of countries……. which are gifted with natural gas and oil such as…..Iraq,Sudan ,Libiya…..etc..in the future from west alliance led by USA,UK,France..etc.???????????????????

I think today's downturn is totally due to this. A possible military attack to SL from USA,England, France . Weapon shares of those countries are rising , Miracle of Antarctica ... LOLZ