E&P firm starts amid Sri Lankan bid round

Ceylan Energy, Sri Lanka’s first oil and gas exploration and production company, started business in Colombo as a symposium began in conjunction with the country’s second licensing round.

Chairman of the new company is Harry Kulasinghe, who has more than 30 years of oil and gas industry experience, recently as vice-president, business development for Aker Subsea Ltd. in the UK and as a nonexecutive director of Hayleys Energy Services Lanka Pvt. Ltd. in Sri Lanka.

In a press statement, the new company said it was sponsoring the July 8-12 symposium in Colombo, organized by the Petroleum Resources Development Secretariat, promoting the country’s new licensing round.

The PRDS is taking bids until Nov. 29 this year on 13 offshore blocks in the Cauvery and Mannar basins.

Its “petroleum resources agreement” includes production sharing with royalty and tax. The agreement provides for an 8-year, three-phase exploration license and a 20-year, extendable development license.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin


CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal


FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected