On Sunday, President Mahinda Rajapaksa announced that exploration teams have found a large natural gas deposit on the seabed within Sri Lanka's territorial waters. He added that it was his hope that oil would be discovered as well.
The discovery was made by Cairn Lanka, which has three of eight blocks in the Mannar Basin, where they have been drilling since August. The company said that it had struck a 25-metre hydrocarbon column showing primarily gas, with potentially other 'liquid hydrocarbons' meaning oil.
Cairn had drilled a 'wildcat well', that is one on land not known to be an oil or gas field and not in the vicinity of known fields. The well, CLPL-Dorado-91H/1z had been drilled at a water depth of 1,354 metres (4,442 feet).
Read full article: http://www.dailynews.lk/2011/10/06/fea05.asp
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