Cairn Lanka organises Vendor Partnership Conference

Friday, 7 September 2012 00:01 - - {{hitsCtrl.values.hits}}

Cairn Lanka (Pvt.) Limited, the country’s active oil and gas exploration company, organised a vendor partnership program in Colombo today. The objective of the conference was to encourage local business partners to join Cairn in the growth of oil and gas sector in Sri Lanka. The ‘Colombo Partnership Meet’ emphasised how local entrepreneurs and organisation can benefit from the country’s oil and gas exploration activities.

Besides sharing an over view on the oil and gas business, the program aimed at giving an opportunity to Sri Lankan business community to come and interact with Cairn team for a better understanding of business prospects. The program also shared details of the upcoming Sri Lanka exploration by Cairn with the business community. The forum was used to share an elaborate understanding of Cairn Lanka’s HSE Commitment, which is integral to business, and also a key remit to be adhered to, by all partners.

Besides giving clarity on how to engage with Cairn Lanka as a vendor partner, the forum also addressed the scope of how organisations can scale up the maturity curve to work with Cairn.

Cairn Lanka is committed to acknowledge, encourage and engage Sri Lankan business partners to help take the exploration activities to the next level. As Cairn Lanka enters into its second phase of drilling, the support and partnership from Sri Lankan vendors will be a key driver in the exploration journey.

Forty six business partners and service providers represented by more than 70 participants, attended the meet. Cairn India Group Head Exploration Cathal Daly said, “Cairn Lanka’s key objective in organising this conference was to provide communities with an opportunity to integrate with the company’s supply-chain and benefit from the growth in the company’s operations. These long term benefits are expected to increase as the project progresses, especially in the petroleum development stages.”

Sri Lanka block update

In the Sri Lanka Block SL 2007- 01-001, Cairn Lanka has successfully completed the first phase of exploration campaign, which resulted in two successive discoveries in the three well drilling program. The company has entered the second phase of exploration and completed acquisition of 600 sq km of 3D seismic data. Processing of this data is underway. With the exploration drilling planned in mid 2013, tendering for the drilling rig and the associated services is in progress.

The potential commercial interest notification has been submitted for the two discoveries i.e. the Dorado and Barracuda wells, as per the terms of the Petroleum Resource Agreement (PRA).