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Cairn India Ltd. that has won a tender to excavate oil in the waters of Sri Lanka will sign the relevant agreement on the 30th of this month.
The government called for tenders for 3 of the 8 sites along the sea coast near Mannar that have been identified as containing oil. Three companies had presented tenders for one site and all three companies were Indian companies.
However, tenders received for two sites were inadequate and the government has decided to keep these two sites open. Cairn India Ltd. won the tender for the site that received tenders. As such, government of Sri Lanka has granted Cairn India Ltd. Block SL 2007-01-001 in offshore in Mannar basin in North West Sri Lanka and covers approximately 3,400 Km in water depths of 200 meters to 1800 meters.
Cairn India is a branch of Cairn Energy Plc, a crude oil and natural gas exploration and production firm listed in the market of London stock exchange.
by Lanka Truth