OIL EXPLORATION IN SRI LANKA
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"Sri Lanka hopes to join the natural gas producing nations' club, we are looking at natural gas production around 2017-2018," – Chairman Petroleum Resources Development Secretariat
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Srilanka
Sri Lanka is an island country located off the southeast coast of India. It has a population of over 21 million people and its capital and largest city is Colombo. The main ethnic groups are Sinhalese, Sri Lankan Tamil, Moors, and Indian Tamil. Buddhism is the largest religion. Sri Lanka has a developing economy based around agriculture, fishing, and tourism. It has close economic and political ties to India and China. The presentation provided an overview of Sri Lanka's geography, culture, politics, economy and trade relationships.
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This is a Project Report which was prepared for an Assignment at National Institute of Business Management. This includes a background study and a macro environmental Analysis of Sri Lankan Tourism Industry.
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This document summarizes an oil and gas industry report about exploration in the Arctic region. It finds that the Arctic holds an estimated 22% of the world's undiscovered oil and gas resources. International oil companies are increasing exploration there due to new technologies, shrinking sea ice, and tax incentives from Russia. However, exploration also faces challenges from environmental groups and harsh conditions. The report details exploration activities and partnerships between oil companies and Russia's Rosneft and Gazprom in the Arctic.
Ally Maritime & Legal Services Presents Ship Recycling in India by Capt Rahul...
This document provides information about Ally Maritime & Legal Services, a company that provides consultancy services to improve ship recycling processes. Some key points:
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focus-on-major-new-lp-gas-facilities-around-the-globe
1. Petredec opened a new 15,000 metric ton LP Gas terminal in Mauritius in March 2014, representing an investment of $42 million.
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3. The new terminal aims to transform Mauritius into a regional LP Gas hub and allows Petredec to more efficiently supply Mauritius and other East African markets in the future.
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This presentation presents you details of Kandla Port, i.e. Deendayal Port. Use this ppt to get an overview for the port, its features, geographics, safety measures and statistical data.
New Exploration Licensing Policy
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New base special 04 august 2014
Saudi Aramco and Sumitomo Chemical will transfer ownership of their planned $8.5 billion petrochemical facility in Saudi Arabia, known as Rabigh II, to their joint venture PetroRabigh. The new facility will expand PetroRabigh's existing plant and increase production of higher-margin petrochemical products. Oman has also invited bids on five new onshore and offshore oil and gas blocks as part of its efforts to develop its hydrocarbon resources, which currently support much of the country's economy.
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Презентация Sunbird Ceylon (Pvt) Ltd
Sunbird Ceylon (Pvt) Ltd is a Sri Lankan tea company that supplies high quality Ceylon tea worldwide. Tea was first brought to Sri Lanka from China in 1824 and the tea industry was established in 1867. Sunbird Ceylon aims to provide the best tasting teas while maintaining strict quality control standards, receiving certifications like ISO 22000 and HACCP. The company focuses on niche markets in Russia, Malaysia, and China and divides its teas into premium volume and gift categories.
Презентация Ceylon Tea MAQAM
Sri Lanka is the largest exporter of orthodox tea, exporting to over 145 countries. It produces over 305 million kilos of tea annually from seven agro-climatic regions that produce teas of different characteristics. Nuwara Eliya tea is known for its delicate fragrance contributed by surrounding cypress trees, mint, and eucalyptus. Uda Pussellawa tea has a rosy character and is favored during the eastern and western quality seasons. The document then provides details on the characteristics of tea from other regions including Dimbula, Uva, Kandy, Ruhuna, and an overview of tea grades.
PROJECT PROFILE – INTEGRATED TOURISM RESORT PROJECT IN KALPITIYA
Kalpiya Integrated Tourism Project – Construcon of hotels,
Entertainment Centres, Golf Courses. Water based accommodaon
facilies, Water related facilies, Ayurvedic Health Village and Spa, Eco
lodge Deluxe hotel as leading product and development landmark, Water
sports centre, Boat Service, Aqua centre and museum.
SUNBRID CEYLON (PVT) LTD
SUNBRID CEYLON (Pvt) LTD
Производство и поставка Цейлонского чая и специй из Шри-Ланка
Поиск партнеров в России и в странах СНГ
210/6A Galle Road, Ratmalana, Sri Lanka
FULLY INTEGRATED TELECOMUNICATIONS SERVICE PROVIDER
The company is the largest telecommunications services provider in Sri Lanka and one of the country’s largest companies with an annual turnover in excess of Rs 50 billion (approx: US$ 400 Mn).
The company is the nation's number one integrated communications service provider and the leading broadband and backbone infrastructure services provider in the country. Listed on the Colombo Stock Exchange, the company's market capitalization topped Rs 70 Billion (Approx: US% 540 Mn).
The Company has a customer base of over five million including multinational corporations, large and small corporate, public sector, retail and domestic customers.
MOT New Presentation
Competitive Advantage Competitive Edge
Under article 157 of the country’s constitution, no force of law and no legislative, executive, or administrative action can be taken to contravene the provisions of a bilateral investment agreement except on grounds of national security.
Mount Lavinia Property
Development models and themes can be as expansive as one's imagination allows. With creativity and innovative thinking, there are no limits to how organizations, communities, and societies can evolve and progress in a way that benefits all. New ideas and approaches and thinking outside the box are what drive meaningful change and advancement.
Changing the Landscape of Sri Lanka
This document provides an overview of investment opportunities in Sri Lanka. It highlights Sri Lanka's strategic location, political and economic stability, high literacy rate, and growing GDP. It outlines the government's plans to transform Sri Lanka into an aviation, naval, energy, telecommunications, commercial, and knowledge hub. Specific investment projects described include developing a financial hub, housing projects, commercial properties, island resort development, solar power projects, oil exploration, and an airport hotel. The document aims to promote Sri Lanka as an attractive destination for foreign investment and economic development.
Golf Course
The document summarizes a proposed golf course and biodiversity park project in Hanwella, Sri Lanka. The 181 hectare park aims to promote environmental protection, cultural and agricultural tourism. It also seeks to generate income from foreign visitors and upgrade living standards by attracting local and foreign tourists through agro-tourism activities like the 18-hole golf course, eco-lodges, boating, and horse riding. The project incorporates concepts like solar energy, wind power, wastewater recycling, and organic food production to be environmentally sustainable.
Furniture Manufacturing
The company was established in 2000 to manufacture and export hardwood furniture and brush blocks. It operates a 20,000 square foot factory located in an export processing zone 50km from Colombo, Sri Lanka, and has space to expand to 60,000 square feet. The company seeks investors to inject capital and transfer technology to utilize local wood resources and craftsmanship to produce furniture for export markets like Europe, North America, and Asia. Current annual turnover is $300,000 with capacity for $1.5 million annually by expanding production lines and exports.
Elephant Coridor
The hotel is an eco-friendly boutique hotel focused on luxury experiences and sustainability. It has 30 rooms decorated with locally sourced materials and energy efficient appliances. Guests can enjoy organic meals made from ingredients grown on the hotel's farm along with wellness activities like yoga classes.
Beira Morgan Road
The document proposes a six star hotel and public facility center located on waterfront land near Beira Lake in Colombo. The development would include a 196-perch site with a 370,000 square foot building containing 220 hotel rooms across 23 floors. It would have extensive public facilities including parks, a water bus terminal, water sports center, and other amenities. The development aims to cater to both business and leisure travelers while providing recreational facilities for public use and enjoyment of the Beira Lake area. It is estimated to generate over 450 jobs and 700 million in annual food/services revenue while contributing taxes of over 500 million per year.
Trincomalee Heavvy Industrial Zone
SRI LANKA GATEWAY INDUSTRIES
Sampur Heavy Industrial Zone
To develop, operate, and manage a special industrial zone for heavy industries around the north eastern Trincomalee Harbor.
Solar Power
- Sri Lanka aims to source 20% of its total power generation from renewable sources like solar by 2020.
- However, grid modernization delays have limited the amount of variable solar power that can connect to the national grid without batteries.
- There are two remaining 10MW solar project licenses available in Sri Lanka, each on 45 acres of land, that do not require battery storage. These represent the last licenses of their kind.
Keppetipola Mawatha Housing Project
This document outlines plans for the Keppetipola Mawatha Housing Project in Sri Lanka. It will construct 600 apartments across 4 towers on 5 acres of land, with the remaining 11 acres leased for other development like a business center, supermarket, university, restaurant complex, and sports complex. The apartments will be of 3 types ranging from 1500-1090 square feet and cost $150,000 each, with the total project cost being $90 million. The surrounding land is priced at $51,000 per 25 square meters.
Karadiyana WtE Project
The document summarizes a proposed waste-to-energy project in Karadiyana, Sri Lanka. The government of Sri Lanka will contribute a 20-acre land site and guarantee delivery of 1,000 tons of municipal solid waste per day. It will also receive a 5% equity stake. The current license holder is seeking a joint venture partner to invest up to 85% equity. The project is valued at approximately $12 million and has already obtained most required approvals. It represents a unique opportunity with guaranteed feedstock and land from the state.
Kalpitiya - Eco System Blending with Water
This document summarizes plans for developing 11 islands off the coast of Kalpitiya, Sri Lanka into an eco-friendly tourism destination known for its sun, sand, and sea. The development envisions creating a unique oasis for visitors that blends architecture and nature while protecting the local ecosystem. Interested investors would obtain a 99-year lease and tax incentives by working with a local partner agency to get necessary approvals and move the multi-phase project forward in a sustainable manner.
LICENSED SPECIALIZED BANK In Sri Lanka
The document summarizes the sale of 45% of shares in a Licensed Specialized Bank in Sri Lanka for $23 million. The bank predominantly provides housing finance through 31 branches across the country. It was incorporated in 1984 as a building society and converted to a public corporation and Licensed Specialized Bank in 2003. The bank's main products are housing loans secured by mortgages and Employee Provident Fund balances, and it sources funding from savings deposits, fixed deposits, and structured investment products. The bank has a market share of 25-30% for housing finance for low and middle income groups in Sri Lanka.
Hambantota port
Sri Lanka's Hambantota region is poised to become a major logistics and industrial hub due to its strategic location along East-West shipping lanes and ability to feed the Indian subcontinent. Hambantota Port and nearby industrial zone total over 1,600 hectares of developable land and contain facilities like an airport, convention center, and sports complex. The industrial zone will house various manufacturing plants and warehouses to convert Sri Lanka into a logistics center, capitalizing on limited expansion options in Singapore, Dubai, and Oman. Products exported from the customs free area will avoid duties, though domestic sales would be subject to duties.
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OIL EXPLORATION IN SRI LANKA
- 1. OIL EXPLORATION IN SRI LANKA "Sri Lanka hopes to join the natural gas producing nations' club, we are looking at natural gas production around 20172018," – Chairman Petroleum Resources Development Secretariat `Oil majors Exxon Mobil Corp, Royal Dutch Shell PLC and France's Total have shown interest in bidding for blocks offered in Sri Lanka's current licensing round `Cairns India to bid for another block in the second licensing round.
- 2. OFFSHORE PETROLEUM POTENTIAL IN SRI LANKA Oil and gas discoveries have been made in the Mannar Basin of Sri Lanka. Cairn Lanka’s successful drilling program has established a working petroleum system in the frontier Mannar Basin. This program resulted in two successive gas and condensate discoveries: the CLPLDorado-91H/1z well and, the CLPLBarracuda-1G/1 well. Exploration efforts in the Cauvery Basin within Indian jurisdiction have resulted in twenty six small and medium sized oil and gas fields with a total resource of approximately 700 million barrels of oil equivalent.
- 3. OFFSHORE PETROLEUM POTENTIAL IN INDIAN CONTROLLED SIDE OF MANNAR AND CAUVERY BASINS USGS world Petroleum Resources Project – May 2012
- 4. 15 blocks are being offered in the second bid round for petroleum. Ten of these lie in the Mannar Basin and five in the Cauvery Basin further north Cairn has prospecting rights in one out of the 15 Cairn is a wholly (owned subsidiary of the Cairn India) will bid for a second block in the second bidding round
- 5. Interest range from Oil majors Exxon Mobil Corp, Royal Dutch Shell PLC, France's Total, ONGC Videsh from India, Cairn India and smaller independents from Australia the US and European countries.
- 6. EASE OF DOING PETROLEUM BUSINESS IN SRI LANKA • Uncomplicated, fast and easy customs and port procedures for oil exploratory companies. Typically it takes less than 24 hours to clear rigs from Colombo port and less than 2 – 3 days for equipment clearance • Uncomplicated, fast and easy immigration procedures for expatriate staff and workers • Uncomplicated share yards set up in-port at the Colombo port premises and bonded warehousing provided free of charge. • No restrictions on “local component labor” for oil exploration companies • High quality logistical support providers in Sri Lanka for all aspects of rig operation including sea and air transportation, accommodation logistics, rig servicing logistics etc. • Clear and concise laws on foreign ownership of companies, repatriation of investments and profits and investment protection.