- Bidding round for petroleum exploration licenses for 13 blocks ends September 30, agreements expected to be signed in first quarter of 2014
- Total and Exxon Mobil purchase Sri Lanka’s seismic data set
- ENI, BP, OVL, PVEP, other international majors in discussion with govt on potential future operations in Sri Lankan
The Petroleum Resources Development Secretariat (PRDS) is planning to amend the current Petroleum Resources Act of 2003 in a bid to reduce bottlenecks and improve governance by more clearly separating the functions of regulation, policy formulation and operations. It hopes to be an independent statutory body before the bidding round for 13 blocks on Sri Lankan waters closes this September.