Sri Lanka interest rising

摘要

Interest in exploration in Sri Lanka is showing signs of rebounding, according to analysts at BMI Research. 'After years of muted exploration activity amid a global oil price downturn, appetite for oil and gas exploration in Sri Lanka is gradually returning, alongside stronger prices and improving market fundamentals,' the analysts said in a report. 'In May 2018, Sri Lanka’s Petroleum Resources Development Secretariat announced the signing of several 2D and 3D seismic acquisition deals with Total and Schlumberger to assess the commercial potential of its offshore blocks along the east coast and in the Mannar basin.