Offshore Petroleum Exploration
Here’s an attractive opportunity to invest in Offshore petroleum exploration in Sri Lanka. This has been a topic of interest due to the country’s strategic location in the Indian Ocean region. Sri Lanka’s potential for oil and gas reserves has attracted the attention of international energy companies, leading to exploration activities in its offshore basins. The history of offshore petroleum exploration in Sri Lanka dates back to the 1960s when the first exploration well was drilled. However, significant commercial discoveries have been elusive, leading to intermittent exploration efforts over the years. Despite this, recent advancements in technology and a growing demand for energy resources have renewed interest in Sri Lanka’s offshore potential. The country’s offshore basins, including the Mannar Basin in the northwest and the Cauvery Basin in the east, are believed to hold significant hydrocarbon potential. The Mannar Basin, in particular, has been the focus of recent exploration activities, with several wells drilled in search of oil and gas reserves. Exploration in Sri Lanka’s offshore areas is governed by the Petroleum Resources Development Act, which provides the legal framework for exploration and production activities. The government has also implemented a licensing system to attract investment and facilitate exploration activities. Continued exploration efforts, coupled with advancements in technology and collaboration with international partners, are expected to drive further developments in this sector. Leverage investment advice from expert advisors to navigate energy investment complexities, ensuring informed decision-making for optimal returns and risk mitigation. Contact OSL to find out feasible investment opportunities in the energy exploration sector.
| LOCATION : | Sri Lanka |
| SECTOR : | Power & Energy |
| PROJECT VALUE : | Contact OSL |
| EXPECTED INVESTMENT : | Contact OSL |
| INVESTMENT TYPE : | Public Private Partnership |
| RETURN ON INVESTMENT : | Contact OSL |
| INTERNAL RATE OF RETURN : | Contact OSL |
| ACCOUNTING RATE OF RETURN : | Contact OSL |
| OPPORTUNITY CODE : | VBS/OP/27062024/X_4 |