Oil Rush

L to R: Samantha Ranatunga, Chairman, HVA Foods PLC; Jan Müggenburg, Chief Executive Officer, Müggenburg Group; Graham Stork, Chief Executive Officer, HVA Foods PLC; Sarva Ameresekere, Group Chairman, George Steuart & Co. Ltd.


An international road show to offer blocks for oil exploration in the Mannar Basin is expected to kick off early next year. Model Petroleum Resource Sharing Agreements and model exploration licences have already been developed.

India is keen to take over an initial two blocks through state owned Oil and Natural Gas Corp., if Sri Lanka offers it on nomination.
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rnBelow is a list of LBO Reports on the States efforts to find oil off the North and Eastern coast of Sri Lanka and other related articles. rn
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