Country Report
Sri Lanka upstream summary
Report summary
The upstream industry in Sri Lanka is still relatively new. The country held two offshore licensing rounds since 2007, both of which saw limited interest. There is no domestic production, and the country lacks gas infrastructure. 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. In ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Cairn India
- TotalEnergies
- Equinor
- ONGC Videsh Limited (OVL)
-
Geology
-
Basin
- Mannar Basin
- Cauvery Basin
-
Basin
-
Exploration
- Licensing
- New Licensing Strategy
- Upcoming awards
- First Licensing Round (2007)
- Second Licensing Round (2013)
- 2015-2020
-
Drilling
- Drilling activity
- Reserves and resources
-
Production
- Oil/liquids
- Gas
-
Infrastructure
- Introduction
-
Policy and regulation
-
Key legislation
- Amendments to the Petroleum Resource Act
- Regulatory body
- State oil company
- State participation
-
Key legislation
-
Fiscal terms
- 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 PSC)
- 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
- Reserves and resources: Table 1
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- GEM models
What's included
This report contains:
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