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Old July 15th, 2014, 05:31 PM   #61
DhanujaKalhara
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And of course we can ask middle east countries to search for oil wells @ our North West sea and build oil refinaries here.Invest here .Middle East countries are oil experts,have a lot of money,most of islamic countries are good friends with our presidant(specially Iran),and we dont have much middle east investments here.So why dont we ask them.????
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Old July 16th, 2014, 11:12 AM   #62
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Originally Posted by DhanujaKalhara View Post
And of course we can ask middle east countries to search for oil wells @ our North West sea and build oil refinaries here.Invest here .Middle East countries are oil experts,have a lot of money,most of islamic countries are good friends with our presidant(specially Iran),and we dont have much middle east investments here.So why dont we ask them.????
Its about risk-return and opportunity cost of investment. Sri Lanka provide similar risk profile to Middle Eastern countries but Many middle eastern countries are growing if not at the same speed of Sri Lanka, faster. when they have the oppertunity between invest same amount of money in the known (therefore low-risk for them) market or in Sri Lanka for the same returns. The choice is obvious.

As for IRAN, there are so many restrictions moving dollers between Iran and other countries. Only way we could work on this is on barter deals. But I am pretty sure uncle sam has some way to control that too
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Old July 16th, 2014, 07:47 PM   #63
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Originally Posted by K.C. View Post
Its about risk-return and opportunity cost of investment. Sri Lanka provide similar risk profile to Middle Eastern countries but Many middle eastern countries are growing if not at the same speed of Sri Lanka, faster. when they have the oppertunity between invest same amount of money in the known (therefore low-risk for them) market or in Sri Lanka for the same returns. The choice is obvious.

As for IRAN, there are so many restrictions moving dollers between Iran and other countries. Only way we could work on this is on barter deals. But I am pretty sure uncle sam has some way to control that too
True bro thanx to uncle sam we cant buy Iranian light crude oil which has less S % than saudi crude oil.and special discount for us too.and our Sapugaskanda oil refinary was upgrade for Iranian light under Iran loan.But if our officials are smart inaf we have 4 options.
1.buy Iranian oil through 3rd person
2.Ask US for aid or loan to build another oil refinary or expand currunt one .
3.Ask for permisson to buy oil from Iran ,UN (US) saing “we recently upgraded our only oil refinary for Iranian light so let us buy.becouse we can’t spend on Saudi oil.and it damages our refinary.”
4.Ask US to give us crude oil @ low price (lower than Iran)
2,3,4 should ask infront of the world so US cant refuse.
P.S.-but K.C. sadly our heads at CPC don’t want to develop this industry as you or me.they just want to eat it
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Old July 16th, 2014, 07:57 PM   #64
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Originally Posted by K.C. View Post
Its about risk-return and opportunity cost of investment. Sri Lanka provide similar risk profile to Middle Eastern countries but Many middle eastern countries are growing if not at the same speed of Sri Lanka, faster. when they have the oppertunity between invest same amount of money in the known (therefore low-risk for them) market or in Sri Lanka for the same returns. The choice is obvious.

As for IRAN, there are so many restrictions moving dollers between Iran and other countries. Only way we could work on this is on barter deals. But I am pretty sure uncle sam has some way to control that too
True bro thanx to uncle sam we cant buy Iranian light crude oil which has less S % than saudi crude oil.and special discount for us too.and our Sapugaskanda oil refinary was upgrade for Iranian light under Iran loan.But if our officials are smart inaf we have 4 options.
1.buy Iranian oil through 3rd person
2.Ask US for aid or loan to build another oil refinary or expand currunt one .
3.Ask for permisson to buy oil from Iran ,UN (US) saing “we recently upgraded our only oil refinary for Iranian light so let us buy.becouse we can’t spend on Saudi oil.and it damages our refinary.”
4.Ask US to give us crude oil @ low price (lower than Iran)
2,3,4 should ask infront of the world so US cant refuse.
P.S.-but K.C. sadly our heads at CPC don’t want to develop this industry as you or me.they just want to eat it
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Old July 16th, 2014, 08:03 PM   #65
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http://www.colombopage.com/archive_1...05149713JV.php
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Old July 16th, 2014, 08:17 PM   #66
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Quote:
Originally Posted by DhanujaKalhara View Post
True bro thanx to uncle sam we cant buy Iranian light crude oil which has less S % than saudi crude oil.and special discount for us too.and our Sapugaskanda oil refinary was upgrade for Iranian light under Iran loan.But if our officials are smart inaf we have 4 options.
1.buy Iranian oil through 3rd person
2.Ask US for aid or loan to build another oil refinary or expand currunt one .
3.Ask for permisson to buy oil from Iran ,UN (US) saing “we recently upgraded our only oil refinary for Iranian light so let us buy.becouse we can’t spend on Saudi oil.and it damages our refinary.”
4.Ask US to give us crude oil @ low price (lower than Iran)
2,3,4 should ask infront of the world so US cant refuse.
P.S.-but K.C. sadly our heads at CPC don’t want to develop this industry as you or me.they just want to eat it

I doubt the US will do anything. It's like killing two birds with one stone for them. One, Iran loses out on money from selling oil. Second, SL gets punished for moving away from the US and into the Chinese sphere of influence. The oil crisis only plays into the US hands providing them with leverage
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Old July 16th, 2014, 09:12 PM   #67
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I doubt the US will do anything. It's like killing two birds with one stone for them. One, Iran loses out on money from selling oil. Second, SL gets punished for moving away from the US and into the Chinese sphere of influence. The oil crisis only plays into the US hands providing them with leverage
But it is worth to try.If we get something its better than doing nothing and buy expensive saudi crude oil .IF we get nothing we only loose few sentences
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Old July 16th, 2014, 09:47 PM   #68
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Originally Posted by DhanujaKalhara View Post
And of course we can ask middle east countries to search for oil wells @ our North West sea and build oil refinaries here.Invest here .Middle East countries are oil experts,have a lot of money,most of islamic countries are good friends with our presidant(specially Iran),and we dont have much middle east investments here.So why dont we ask them.????
Most NOCs in the Middle East are no experts - they are used to their limited geology and producing reservoirs from the same play type.

The exception to this is Saudi Aramco which is actually top class when it comes to using latest tech to extract oil.
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Old July 19th, 2014, 12:51 PM   #69
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Most NOCs in the Middle East are no experts - they are used to their limited geology and producing reservoirs from the same play type.

The exception to this is Saudi Aramco which is actually top class when it comes to using latest tech to extract oil.
Hmm! Saudi Aramco is one good option.Its state owned company too so it makes easy to talk.MR should use his strong friendship to drag those companies to here.(not only to vote in UNHCR only).As I heard oil @ middle east will finish before 2050.So this is win-win project.And what I fear is ,when oil is near to finish world is working fast on find next source of energy.If they succses before we find our oil there will be no market in future (nucler power,solar power)even now world is moving fast into electric vehicles.We have to find our oil wells ASAP,becouse this is the PEEK.Crain India works so slowly.and Im pretty sure India don’t allow us to ask China or US for dig our NW sea.so the best choices are AUSTRAILA ,EUROPE or MIDDLE EAST
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Old July 19th, 2014, 03:18 PM   #70
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Quote:
Originally Posted by DhanujaKalhara View Post
True bro thanx to uncle sam we cant buy Iranian light crude oil which has less S % than saudi crude oil.and special discount for us too.and our Sapugaskanda oil refinary was upgrade for Iranian light under Iran loan.But if our officials are smart inaf we have 4 options.
1.buy Iranian oil through 3rd person
2.Ask US for aid or loan to build another oil refinary or expand currunt one .
3.Ask for permisson to buy oil from Iran ,UN (US) saing “we recently upgraded our only oil refinary for Iranian light so let us buy.becouse we can’t spend on Saudi oil.and it damages our refinary.”
4.Ask US to give us crude oil @ low price (lower than Iran)
2,3,4 should ask infront of the world so US cant refuse.
P.S.-but K.C. sadly our heads at CPC don’t want to develop this industry as you or me.they just want to eat it

Sad reality for most things in Sri Lanka. Too many greedy, short sighted fools.
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Old February 27th, 2015, 06:53 AM   #71
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Sri Lanka to commence commercial exploration for natural gases by 2018

Sri Lanka's Power and Energy Minister Patali Champika Ranawaka said natural gasses have already been discovered in oil wells in the Mannar Basin and that commercial exploration for natural gasses will commence in two years by 2018.
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Old February 27th, 2015, 07:35 AM   #72
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Sri Lanka to commence commercial exploration for natural gases by 2018 Sri Lanka's Power and Energy Minister Patali Champika Ranawaka said natural gasses have already been discovered in oil wells in the Mannar Basin and that commercial exploration for natural gasses will commence in two years by 2018.
Thanks for sharing. I read the article and would like to comment that it is largely nonsense.

Is Cairn going to explore in the other blocks it holds licences in from 2018?

What does "commercial exploration"mean? Do they mean negotiation over the commercial terms in the Production Sharing Agreement such that they can stay production in 2018?

If it is further exploration then why wait until 2018? Oil prices are low and rig rates are dropping so surely drilling in the next 2 years makes more sense unless Cairn, like all other companies, are seriously short of cash.

I wasn't aware that the previous government gave away licences hand over foot. There was a licence round with very little interest in 2013 and the awards were delayed several times.

I don't know who this Ranawaka guy is but he doesn't seem to know what he's talking about. Does he know the difference between oil and gas? If so, there is no oil discovered in his so-called "oil wells" in which natural gasses were discovered. In fact someone should inform him that they are, strangely enough, called "gas wells". To be more technical, they actually found condensate!

Rant over.
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Old February 27th, 2015, 07:43 AM   #73
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Thanks for sharing. I read the article and would like to comment that it is largely nonsense.

Is Cairn going to explore in the other blocks it holds licences in from 2018?

What does "commercial exploration"mean? Do they mean negotiation over the commercial terms in the Production Sharing Agreement such that they can stay production in 2018?

If it is further exploration then why wait until 2018? Oil prices are low and rig rates are dropping so surely drilling in the next 2 years makes more sense unless Cairn, like all other companies, are seriously short of cash.

I wasn't aware that the previous government gave away licences hand over foot. There was a licence round with very little interest in 2013 and the awards were delayed several times.

I don't know who this Ranawaka guy is but he doesn't seem to know what he's talking about. Does he know the difference between oil and gas? If so, there is no oil discovered in his so-called "oil wells" in which natural gasses were discovered. In fact someone should inform him that they are, strangely enough, called "gas wells". To be more technical, they actually found condensate!

Rant over.
Champika Ranawaka was a former Energy Minister and Oil wells and Gas wells form together most of the time and he probably meant that there are both Oil and Gas wells
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Old February 27th, 2015, 05:28 PM   #74
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Champika Ranawaka was a former Energy Minister and Oil wells and Gas wells form together most of the time and he probably meant that there are both Oil and Gas wells
Cairn reported only gas and small volumes of condensate and certainly no oil.

We should be glad it's only gas given the volatility of oil markets through history, gas pricing tends to be far more stable.

Oil and gas fields do not necessarily form together most of the time. In a marine source rock setting you may expect both in a given field but is dependent on pressure in the reservoir. Highly dependant on the petroleum charge system - Krishna-Godavari basin East of India is a gas prone source charged basin and all fields are either gas or condensate.
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Old February 27th, 2015, 05:44 PM   #75
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Cairn reported only gas and small volumes of condensate and certainly no oil.

We should be glad it's only gas given the volatility of oil markets through history, gas pricing tends to be far more stable.

Oil and gas fields do not necessarily form together most of the time. In a marine source rock setting you may expect both in a given field but is dependent on pressure in the reservoir. Highly dependant on the petroleum charge system - Krishna-Godavari basin East of India is a gas prone source charged basin and all fields are either gas or condensate.
gas prices are pennies on the dollar compared oil price.
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Old February 27th, 2015, 06:15 PM   #76
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I think we shouldn't let Indians or Chinese do the exploration alone they don't have the technology to explore the wells deep underground or to drill them
Bigger corporations like Exxon can do it

If we find really large Gas deposits then we would be reduce imports and pollution at the same time. CNG buses are becoming really common in developed nations and even in ndia
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