Cairn India said it had discovered natural gas at a second location in Sri Lanka's offshore Mannar basin but it would take time to determine whether the find was commercially recoverable.
The Barracuda 1/G1 well, drilled to a depth of 4,700 metres (15,400 feet), had three petroleum-bearing formations with gas and an indication of liquid hydrocarbons, Cairn India and the Sri Lankan president's office said in separate statements on Monday.
In October, Cairn Lanka (Private) Ltd. informed the government it had found natural gas in its first well, the first hydrocarbon discovery in Sri Lanka, but said it was too early to determine whether it would be economically viable to recover.
The Barracuda well is located approximately 68 km off the Indian Ocean island's northeastern coast.
"Cairn will evaluate the well results and work with appropriate authorities to determine the commercial potential of this discovery," the Cairn statement said.
The Barracuda 1/G1 well, drilled to a depth of 4,700 metres (15,400 feet), had three petroleum-bearing formations with gas and an indication of liquid hydrocarbons, Cairn India and the Sri Lankan president's office said in separate statements on Monday.
In October, Cairn Lanka (Private) Ltd. informed the government it had found natural gas in its first well, the first hydrocarbon discovery in Sri Lanka, but said it was too early to determine whether it would be economically viable to recover.
The Barracuda well is located approximately 68 km off the Indian Ocean island's northeastern coast.
"Cairn will evaluate the well results and work with appropriate authorities to determine the commercial potential of this discovery," the Cairn statement said.
