Sri Lanka announces Gas discovery | Photo 05

Sri Lankan President Mahinda Rajapaksa announced that Sri Lanka has found a natural gas field for the first time. He stated that he had been informed of this by Cairn, the company exploring for oil and gas in the Mannar Basin Sri Lanka.

The President also said he believes that oil will be discovered in Sri Lanka as well in the near future.

Cairn Lanka, which began oil drilling operations in the Mannar basin in August, has confirmed that it had informed the Sri Lankan authorities about the finding, foreign media reported.

The President has said that he is elated of the new discovery and expressed confidence that Sri Lanka will harness crude oil from its own oil fields.

Cairn India, the parent company of Cairn Lanka, in a statement issued Sunday has said that the discovery was made at a depth of 1,354 metres (4,442 feet) below sea level, a Reuters report said. Cairn has said that further drilling will be required to

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