Modern findings into hydrocarbon potential in Mannar basin to be presented at London exhibition | Daily News

Modern findings into hydrocarbon potential in Mannar basin to be presented at London exhibition

It is learned that new insights into the hydrocarbon prospects in Sri Lanka’s Mannar Basin M1, M2 and Cauvery Basin C1 blocks have been obtained in the recently concluded Bell Geospace Full Tensor Gravity Gradiometry (FTG) and Aeromagnetic Survey.

This will be presented at the SEAPEX (South East Asia Petroleum Exploration Society) Asia Pacific Conference in London on June 30 by Bell Geospace and Wintermoon Geophysics.

Sri Lanka outlays over US$6 billion annually to purchase fuel. Domestic hydrocarbon potential has been estimated at several billion barrels of oil and nine trillion cubic feet of gas. This is a potential multibillion-dollar revenue stream for the Government of Sri Lanka.

Cairn India which explored the Mannar M2 block invested in the region of US$200 million, 10 years ago. With Bell Geospace’s modern geophysical data and interpretation, the publicity created at a major Oil and Gas conference in London could help Sri Lanka attract a new round of investors.

A billion dollars in investment in the next 12 months is not unrealistic if handled by industry professionals. Bell Geospace is the leading provider of high-quality airborne Full Tensor Gravity Gradiometry (FTG) data for the mining industry.

This data is used to map geology and thus define the shape and scale of existing mineral deposits as well as highlight potential new areas of exploration.

Wintermoon Geophysics is a premier consulting firm for integrated exploration applications of Gravity, Magnetics, GIS, and Remote Sensing.


Add new comment