Business

Sri Lanka calls for international bids in fossil fuel sector

Petroleum Resources Development Secretariat (PRDS) invites bids for two offshore blocks M1 and C1.

Sri Lanka’s Government has opened International bidding to explore possible oil and natural gas mines in Mannar and the Cauvery Basin.

bids for the Mannar Basin’s M1 block and the Cauvery Basin’s C1 block will close on July 15, whilst the M1 and C1 blocks cover 2,779 square kilometres and 2,246 square kilometres respectively.