Cairn Lanka (Private) Limited, a wholly-owned subsidiary of Cairn India Limited, has announced gas finds in the Mannar basin, off the Sri Lankan coast, the company said in a release issued to the Bombay Stock Exchange and the National Stock Exchange of India.
Cairn Lanka struck gas in the CLPL-Barracuda-1G/1 well, located in the block SL 2007-01-001, Mannar Basin in Sri Lanka.
This is the second well in a three-well frontier basin programme of Cairn Lanka Private Limited in the block, where the company is the operator with 100 per cent participating interest.
Gas started flowing from the well at a depth of 4,741metres in water depth of 1,509m and encountered 24m of hydrocarbon bearing sandstone in three zones between the depths of 4,067m and 4,206m. The reservoirs are predominantly gas bearing with some additional liquid hydrocarbon potential, Cairn Lanka said.
Cairn has not yet evaluated the full potential of the well and said it is working with appropriate authorities to determine the commercial potential of the discovery.
The CLPL-Barracuda-1G/1 well is the second successive discovery, located 38 km west of the CLPL-Dorado-91H/1z discovery well and approximately 68 km from the Sri Lanka coastline.
Cairn will provide an update on the well results after the end of the programme, which is expected to be complete by early next year.