M2 block tender, licensing plans
The Sri Lankan government is inviting expressions of interest for partners to undertake the appraisal + development of gas discoveries and prospects in the 2,924-sq km offshore (ex-Cairn SL 2007-01-001, aka block 2) block M2, Mannar Basin. The block will be offered for licensing this year, including the Barracuda and Dorado gas-condensate discoveries. A data package will be available containing well data and some 2,600 sq km of 3D seismic coverage.
The remainder of Sri Lankan acreage will be released in a bid round in 4Q ’17. WesternGeco is planning 2D and 3D spec seismic ahead of this off the East coast and in the Mannar Basin. Some airborne FTG/mag surveying is also planned. Govt officials will be available for private meetings in Houston (5-9 Mar ’17) and London 13-14 Mar ’17), and the Sri Lankan plans will also be discussed at CERAWeek on 7 March.