Sri Lanka’s first oil company launched

Tuesday, 9 July 2013 00:00 -     - {{hitsCtrl.values.hits}}

Ceylan Energy, Sri Lanka’s first and only oil and gas exploration and production company, was launched recently, bringing together some of Sri Lanka’s leading oil and gas professionals who are committed to maximising the island’s resources and developing its energy industry. Based in Colombo, Ceylan Energy is chaired by the son of Deshabandu Dr. A.N.S. Kulasinghe, Harry Kulasinghe, who has over 30 years of global experience in the oil and gas industry and comes from a family that has, for decades, pioneered engineering and industry in Sri Lanka. On launching Ceylan Energy, Harry Kulasinghe said: “The launch of Ceylan Energy marks an important step in the development of Sri Lanka’s energy sector. Our team has over 100 years of collective oil and gas experience, in-depth local knowledge and an invaluable network of contacts. As a company with an entirely home-grown team, we are determined to maximise the island’s resources and nurture our local industry.” Ceylan Energy is a sponsor of Sri Lanka’s first E&P symposium, which will take place between 8 and 12 July in Colombo and Kandy. The event, organised by the country’s Petroleum Resources Development Secretariat (PRDS), will showcase the commercial, cultural and social benefits of working in Sri Lanka. The symposium will promote Sri Lanka’s upcoming second licensing round due to take place late this year. For this licensing round, 13 blocks have been designated in the Sri Lankan sectors in the Cauvery and Mannar basins located in the north and west of Sri Lanka respectively.