Chikyu’ to commence exploratory oil drills in 2011

Cairn Lanka Ltd has awarded a contract to Japan Drilling Company Ltd for its dynamic position system deepwater drillship ‘Chikyu’ which is expected to commence drilling three exploratory oil wells off the coast of Mannar next year.
Cairn India, the parent company, is expected to invest around US$ 110 million in exploring for oil in a 3,400 square kilometre block off the coast of Mannar. It was the first company to win an Oil Exploration License from the government of Sri Lanka in 2008.
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Source: The Island