Petronas to Explore for Oil, Gas Offshore Sri Lanka

Petronas is planning to explore for oil and gas off the shores of Sri Lanka, near the Palk Straits and the Mannar Basin.

Citing an industry source the Malaysian review has said Petronas was responding to the open invitation to survey and explore the Cauvery Basin, northern Sri Lanka and the Mannar Basin, west of the island state. It is learnt that Petronas senior executives are preparing to hold preliminary talks with Sri Lanka officials.

Late last year, Sri Lanka discovered natural gas wells in the Mannar Basin. The government is seeking experienced international partners to help in its oil and gas exploration activities.