Sri Lanka off-shore oil exploration eyed by Russia's Gazprom

[ LBO ] - [ Feb 09, 2010 11:03 GMT ]

Gazprom, a Russian oil firm, has held discussions with visiting Sri Lanka president Mahinda Rajapaksa on exploring for oil off the coast of the Indian Ocean island.

Alexey Miller, chairman of Gazprom’s Management Committee, had met President Rajapaksa Monday, the oil firm said in a statement.

"The parties discussed prospects for Russian-Sri Lankan cooperation in the oil and gas sector.

"In particular, they focused on Gazprom’s possible participation in the development of offshore hydrocarbon deposits in Sri Lanka."

Cairn India, a private oil firm, has already bought one oil exploration block off Mannar in Sri Lanka's north western coast through an open auction.

In December, it began three-dimensional seismic surveys to pinpoint sites for test drills later on in the Gulf of Mannar waters off Sri Lanka's north-west.