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Cairn India to get one more block in Sri Lanka
Jan 15, 201405:09 PM
Anil Agarwal-led Cairn India to get one more exploratory block in Mannar Basin of Sri Lanka, Indian media reported today.
A senior Sri Lankan official told Business Standard that the block M5 would be awarded by March.
Cairn India has also sought extension of the Ravva production sharing contract. The contract expires in 2019.
Rich Paces, Director Operations and Development said, “The Ravva field is significantly larger and has EOR potential. The field could go beyond 2019 if the government agrees to extend the PSC.” Cairn is awaiting its PSC extension for its Rajasthan RJON-90/1 from the government. The block expires in 2020.
