Cairn India unit makes second gas discovery in Sri Lanka

MUMBAI -- Cairn India Ltd. said unit Cairn Lanka Pvt. Ltd. has made a second gas discovery in the Mannar Basin of Sri Lanka.
Cairn Lanka made the discovery at the CLPL-Barracuda-1G/1 well in the SL 2007-01-001 exploration block, and the Sri Lankan government has been informed about the discovery, Cairn India said in a statement.
The discovery is located about 68 kilometers from the Sri Lanka coastline, and Cairn Lanka is the sole operator of the block with 100% working interest.
"The reservoirs are predominantly gas bearing with some additional liquid hydrocarbon potential," Cairn said, adding that it will "evaluate the well results and work with appropriate authorities to determine the commercial potential of this discovery."
The company said that the exploration program includes three wells and that it expects to complete the program by early next year, after which it will provide an update on the drilling results.
In October, Cairn Lanka said it made its first gas discovery in Sri Lanka in the Mannar Basin. It was the first hydrocarbon discovery in Sri Lanka and the first well to be drilled there in 30 years.