Wednesday, November 30, 2011

Srilanka - Oil and Gas Production - Cairn India announces gas discovery in Barracuda well

November 14, 2011

Cairn Lanka Limited, a wholly owned subsidiary of Cairn India Limited, has notified the appropriate authorities in the Government of Sri Lanka of a Gas Discovery in the CLPL-Barracuda-1G/1 well, located in the block SL 2007-01-001, Mannar Basin, Sri Lanka.

This is the second well in a three well frontier basin program. Cairn Lanka Private Limited is the operator and has a 100% participating interest in the block.

The CLPL-Barracuda-1G/1 well is the second successive discovery, located 38 kilometers (km) west of the CLPL-Dorado-91H/1z discovery well and approximately 68 km from the Sri Lanka coastline.

An update on the well results will be provided after the end of the program, which is expected to be complete by early next year.

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Publication Date: 14 Nov 2011

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