Petro Price

July 25, 2013 (LBO) – Cairn Lanka, a unit of India-based Cairn is in talks with Sri Lanka’s government over gas pricing and commercial terms following the discoveries made in two wells, the company said.

“Monetization of the existing discoveries continues to be evaluated under various development & commercial scenarios,” the parent firm said in an interims statement to shareholders.

“Discussions with the Government of Sri Lanka regarding commercial terms and gas pricing are progressing.” The company said it was considering options for the third phase in appraisal and exploration.