Exxon, Total Study Sri Lanka Oil Reserves Ahead of Biggest Sale
This article is for subscribers only.
Exxon Mobil Corp. and Total SA are among explorers reviewing Sri Lanka’s oil and natural gas reserves ahead of the biggest auction of blocks planned by a nation that imports all its crude.
Exxon Mobil, the world’s largest oil company by value, and Total, Europe’s third-largest, bought data related to the sale of 13 offshore fields, Saliya Wickramasuriya, director general at the Petroleum Resources Development Secretariat, said in an interview. Eni SpA, BP Plc and India’s Oil & Natural Gas Corp. have enquired about the bids, which are scheduled to open at a meeting with potential investors in Houston on March 7 and end about five months later, he said.