Colombo, Aug 15 (BAN/ AD): Bell Geospace and Sri Lankan government has signed an agreement to explore oil and gas deposits in Mannar Basin. The agreement was signed in presence of the Minister of Highways and Road Development Kabir Hashim today.
Bell Geospace General Manager John McFarlane and Minister Kabir Hashim attended the signing event at the Ministry. The agreement was signed for a project to carry out Airborne Gravity, Gravity Gradiometry and Magnetic Surveys over the sea coast of Sri Lanka.
Exploration of using gravity and magnetic techniques enable faster detection of deposits and give more precise locations for drilling. Government had approved contract in February to carry out the survey by Bell Geospace Ltd.