Lankan oil exploring license given to Indian comapny

[lkdood]

Sri Lanka has granted a license to explore oil to India’s Cairn Energy PLC in an offshore block off the country’s North West Mannar basin. The Indian Oil Company is promoted by Cairn Energy PLC, a crude oil and natural gas exploration and production firm listed in the market of London stock exchange. Cairn Energy PLC currently holds 69% interest in Cairn India.
The company said Sri Lanka granted them Block SL 2007-01-001 is offshore North West Sri Lanka and covers approximately 3,400 Km2 in water depths of 200 metres to 1800 metres.
As soon as the license was granted shares of the company gained Rs. 1.85 or 0.71%to settle at 263.95 Thompson Financial Agency reported.
The energy company announced that the petroleum resources agreement between the company and the government will be signed very soon.
Cairn India currently operates 11 offshore platforms, approximately 200 KM of sub-sea pipelines, and two processing plants.
Company sources revealed Cairn India is at present focused on exploration and production in India, where it has a working interest in 14 blocks, two of which are producing gas and oil. The company made major oil discovery (Mangala) in Rajasthan at the beginning of 2004. More than 20 discoveries have been made in Rajasthan block RJ-ON-90/1.


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[saraprobe]

good to hear that it's off the ground!!

 

[sampathrathnayake]

Is it for sure friend. Glad to hear that.

 

[GNS]

 

[gpindika]

Hondai Okath Apima Karagathanum ne???????????????????

 

[howitzer]

Hondai Okath Apima Karagathanu ne???????????????????

 

[sri_lion]

Just wanted to post this and saw this thread already been posted!

Here's another link

But I wonder why India? There's no other country in this world for us other than India? Hope they are doing the right thing!

 

[howitzer]

Just wanted to post this and saw this thread already been posted!

Here's another link

But I wonder why India? There's no other country in this world for us other than India? Hope they are doing the right thing!

once kishu gomes was interviewed.he told that most countries dont ilke to take the risk bcz the probability is only 60%.

 

[sri_lion]

once kishu gomes was interviewed.he told that most countries dont ilke to take the risk bcz the probability is only 60%.

Well I personally think that's not entirely true, because right now what world need more than anything else is oil... there's a oil crisis out there.. and a lot of demand too... so 60% is more than enough to invest on such a business!

Right now, "what if we find" has a greater value than what if we don't..

 

[sriflipflop]

Just wanted to post this and saw this thread already been posted!

Here's another link

But I wonder why India? There's no other country in this world for us other than India? Hope they are doing the right thing!

There Giving One to INdia one to China and like that third party not yet decided

 

[howitzer]

Well I personally think that's not entirely true, because right now what world need more than anything else is oil... there's a oil crisis out there.. and a lot of demand too... so 60% is more than enough to invest on such a business!

Right now, "what if we find" has a greater value than what if we don't..

yeah may be.I was just quoting the interview. but another thing he said was who ever the investor is with present technology untill 2012 there wont be any yeild. whatever SOMETHING IS BETTER THAN NOTHING

 

[sri_lion]

yeah may be.I was just quoting the interview. but another thing he said was who ever the investor is with present technology untill 2012 there wont be any yeild. whatever SOMETHING IS BETTER THAN NOTHING

There Giving One to INdia one to China and like that third party not yet decided

I think we discussed about this in EK sometime back!

Anyway... I think if there are oil deposits in SL coastal belt.. then THIS IS SRI LANKA'S BIGGEST BREAKTHROUGH and the long shot at success!!

But alas, it all depends on the planning of the govt. in my personal opinion what we should do is make a long term plan, to acquire their knowledge and expertize while working with them...then slowly after sometime turn it into a fully Sri Lankan owned company!!

And if we wait all the time until they dig the oil for us.. Sri Lankans will never get what they deserve! Especially by these cunning Indians and Chinese!

 

[howitzer]

I think we discussed about this in EK sometime back!

Anyway... I think if there are oil deposits in SL coastal belt.. then THIS IS SRI LANKA'S BIGGEST BREAKTHROUGH and the long shot at success!!

But alas, it all depends on the planning of the govt. in my personal opinion what we should do is make a long term plan, to acquire their knowledge and expertize while working with them...then slowly after sometime turn it into a fully Sri Lankan owned company!!

And if we wait all the time until they dig the oil for us.. Sri Lankans will never get what they deserve! Especially by these cunning Indians and Chinese!

how nice if it becomes a reality .I mean a 100% state or at least a sri lankan company investing in this.
sorry to ask this being a sri lankan but as you too are srilankan hope its allright.
do you think present day sri lankans deserve a lot unless they change a lot?
(hope this wont make me a terrorist )

 

[just]

how nice if it becomes a reality .I mean a 100% state or at least a sri lankan company investing in this.
sorry to ask this being a sri lankan but as you too are srilankan hope its allright.
do you think present day sri lankans deserve a lot unless they change a lot?
(hope this wont make me a terrorist )

Menna Kotiya.......

i believe wat people get is what they deserve, hmmm wonder even if we get oil wat'll reach people after passing all international companies, politicians, businessmans...etc etc

 

[howitzer]

Menna Kotiya.......

i believe wat people get is what they deserve, hmmm wonder even if we get oil wat'll reach people after passing all international companies, politicians, businessmans...etc etc

lolz there wont be anything left when it passes through policitians

 

[sri_lion]

how nice if it becomes a reality .I mean a 100% state or at least a sri lankan company investing in this.
sorry to ask this being a sri lankan but as you too are srilankan hope its allright.
do you think present day sri lankans deserve a lot unless they change a lot?
(hope this wont make me a terrorist )

Well that's a very hard question to answer because it covers so many aspects!

But one thing for sure, whether you are good or bad.... i guess you will always inherit what your parents inherited from their parents right? and there's no stopping that either!

So its is there for you to reap the success but depends on how well you planning to do that...like Lord Buddha said.. you are accountable for your own doings no one else!

Overall I think, Yes! people's attitudes should change but you can't really blame it all on people as well.. we are having a WAR for nearly 3 decades now..people are mentally down, depressed! Can they go to thier workplace and work with a peace of mind? So current situation as I see it is a collection of effects through out Sri Lankan history!

I sincerely hope that, after the WAR (assume that it will be over soon) Sri Lanka will rise like a phoenix rising from the ashes!!!

 

[just]

lolz there wont be anything left when it passes through policitians

Water maybe

 

[henderson]

If these oil deposits can be used for internal use of the country while cutting down import costs of fuel we could save a lot of money going to middle east countries.

 

[hirushan]

Hondai Okath Apima Karagathanum ne???????????????????

oke bagayak wath lankawata hambaweida dan naa.....