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Tuesday, 7th October 2008

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Cairn in £51m Sri Lankan deal



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Published Date: 08 July 2008
CAIRN India is to invest $100 million (£51m) for the first phase of exploration in Sri Lanka's Mannar oil basin.
The subsidiary of Edinburgh-based Cairn Energy yesterday signed an agreement with the government of Sri Lanka covering the exploration of the first of eight oil blocks in the Mannar basin, following a successful bid.

The government says seismic data shows that more than one billion barrels of oil lie under the sea off the north-west coast.



The full article contains 84 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 07 July 2008 8:02 PM
  • Source: The Scotsman
  • Location: Edinburgh
  • Related Topics: Cairn Energy
 
 

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