Country Report

Sri Lanka upstream summary

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24 January 2019

Sri Lanka upstream summary

Report summary

Sri Lanka's upstream sector is in a state of infancy. The country has held two offshore licensing rounds since 2007, both of which saw limited interest. There is no domestic production and the country lacks a market for gas. Cairn India made two gas discoveries in 2011 on the offshore M2 block which it won during the 2007 bid round. Cumulatively, these fields hold 150 million barrels of oil equivalent reserves. Cairn subsequently chose to relinquish the finds and exited Sri Lanka. ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • Geology Introduction
    • Cauvery Basin
      • Overview
      • Source and reservoir potential
    • Mannar Basin
      • Overview
      • Source and Reservoir Potential
    • Licensing
    • First Licensing Round (2007)
    • Second Licensing Round (2013)
    • M2 block licensing
  • Reserves and resources
    • Oil/liquids
    • Gas
    • Introduction
    • Key legislation
      • Amendments to the Petroleum Resource Act
    • Regulatory body
    • State oil company
    • State participation
    • Overview
    • Current fiscal terms
    • Licence Terms
    • Equity Participation
    • Corporate Income Tax
    • Domestic Market Obligation
    • Ring Fencing
    • Bonuses, Rentals and Fees
    • Royalty
    • PSC Cost Recovery
    • PSC Profit Sharing
      • Sample Cash flow
    • Historical terms
    • 2007 Production Sharing Contract
    • Licence Terms
    • Equity Participation
    • Corporate Income Tax
    • Domestic Market Obligation
    • Ring Fencing
    • Bonuses, Rentals and Fees
    • Royalty
    • PSC Cost Recovery
    • PSC Profit Sharing

Tables and charts

This report includes 8 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • GEM models
  • Map of Basins
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4

What's included

This report contains:

  • Document

    Country Overview

    PDF 8.26 MB

  • Document

    Country Overview

    XLS 280.00 KB

  • Document

    Country Overview

    ZIP 8.43 MB

  • Document

    Executive summary

    PDF 674.49 KB

  • Document

    Key facts

    PDF 684.25 KB

  • Document

    Location maps

    PDF 4.82 MB

  • Document

    Geology

    PDF 4.05 MB

  • Document

    Exploration

    PDF 696.89 KB

  • Document

    Reserves and resources

    PDF 670.76 KB

  • Document

    Production

    PDF 681.97 KB

  • Document

    Infrastructure

    PDF 681.36 KB

  • Document

    Policy and regulation

    PDF 694.37 KB

  • Document

    Fiscal terms

    PDF 731.50 KB

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