Offshore Business

Oct 18, 2007 (LBO) – Two of Sri Lanka’s top listed conglomerates, John Keells Holdings and Hayleys are positioning themselves to exploit business opportunities expected to emerge from an anticipated oil strike offshore.

The aim of sending the business delegation to Norway was to widen the scope for business collaborations in new sectors with high potential and to provide an opportunity for Sri Lankan companies to get a better exposure to the Norwegian market and industries.

The delegation comprised 14 Sri Lankan companies mainly representing three business sectors, which included Business Process Outsourcing, Oil & Gas and Fiberglass and Light Engineering, the Ceylon Chamber of Commerce statement said.

The companies in the three industry sectors were given the opportunity to visit different regions of Norway and meet the relevant industries and visit the work sites to get a first hand exposure of Norwegian practices. JKH, Hayleys Advantis, the Hayleys transportation subsidiary and The Maharaja Organisation, another large group that is unlisted, have sent officials to study Norway’s offshore petroleum business.

Norway is a world leader in offshore oil and gas exploration and drilling, and a Norwegian f