Total Nears Sri Lanka Study Contract for Deepwater Oilfields
This article is for subscribers only.
Total SA, Europe’s third-largest oil company, may win a contract from the Sri Lankan government in a month to study the prospect of oil and natural gas deposits deep off the island’s fabled white-sand beaches.
Eni SpA of Italy has also expressed strong interest in the blocks located in waters more than two miles deep, said Saliya Wickramasuriya, director general at the Petroleum Resources Development Secretariat, which will give the contracts. Talks are on with Exxon Mobil Corp. and India’s Oil & Natural Gas Corp., which have yet to evince interest, he said.