Oil Support

Oct 07, 2009 (LBO) – A call for offshore oil field support services by a company exploring for oil in Sri Lanka provides domestic firms the opportunity they have been waiting for, officials said. Oil explorations firms are expected to source some of their requirements from local industry in order to ensure the benefits of oil are shared in the domestic economy and also provide employment for locals.

Big companies like the listed Hayleys and Hemas conglomerates and unlisted Maharaja Organisation group have been preparing to provide offshore oil industry services.

The government of Sri Lanka has awarded Cairn an exploration licence to explore for oil and natural gas in the Mannar Basin off the north-west coast.

The block covers about 3,000 square kilometres in water depths of 200 metres to 1,800 metres.

Cairn Lanka said last week it is seeking a drill ship or semi-submersible rig capable of operating in water depths of between 800 metres to 1,700 metres with the expected maximum well depth being 5,500 metres. Cairn Lanka, a unit of Cairn India, which is part of Britain’s Cairn Energy, has called for expressions of interest and pre-qualification by mid-October for provision of se