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    Sri Lanka Invites Bids for Offshore M2 Block

Summary

The M2 block has two gas discoveries.

by: Shardul Sharma

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Sri Lanka Invites Bids for Offshore M2 Block

The government of Sri Lanka earlier this month said it is preparing to invite bids for exploration block M2 in Mannar basin off the east coast.

The M2 block covers an area of 3,500 km2 and has two gas discoveries, Dorado 91 H/1z and Barracuda 1G/1, and a number of undrilled prospects, Sri Lanka’s ministry of petroleum resources development said. In 2013, Cairn India made the two discoveries in the Dorado and Barracuda wells. However, the company quit operations in Sri Lanka in 2015 owing to the sharp fall in energy prices.

“Bidders are expected to consider both development of the discoveries and exploration of the rest of the M2 block,” the ministry said.

Bids will be closed on May 7, 2019 and interested parties should send a request on their official letterhead to bids@prds.lk to obtain further information.