Monday, February 25, 2008

Sri Lanka seeks Oil Industry Professionals

Sri Lanka's central bank plans to hire professionals with expertise in the petroleum industry to support the government's oil exploration and development efforts.

It has just advertised for and petroleum economists, geophysicists, petroleum geologistspetroleum risk analysts for positions in the central bank's middle management level.

Applicants with qualifications in economics and finance, geology, earth sciences and petroleum engineering, could either be Sri Lankan citizens or foreigners and preferably below 45 years. They will be engaged on a contract for periods of up to five years.

The bank said it aims to support and advise the government in its petroleum exploration efforts.

Sri Lanka lacks people with skills in the oil industry. The few people with the skills who worked on initial oil exploration activity 25 years ago have long since retired.

Oil exploration is being revived only now after offshore surveys indicated the possibility of hydrocarbon deposits in the Mannar basin, off the north-west coast.

The petroleum ministry, created a few years ago, has set up a petroleum resources development secretariat (PRDS) to run the search for oil.
Its head is a Canadian oil industry professional of Sri Lankan origin.

The government called for bids for exploration blocks last year and received bids from three firms, mainly regional players focusing on India and south Asia, for exploration blocks in the Mannar Basin last month. These were ONGC Videsh, Cairn India, and Niko Resources of Cyprus.

Source: LBO