Cairn Lanka a wholly owned subsidiary of Cairn India Limited, has successfully completed the first phase of exploration campaign in Sri Lanka Block SL-2007-01-001.

The exploration program involved the acquisition, processing and interpretation of 1,753 square kilometer of 3D seismic data and a three well deep water drilling program.

The seismic program exceeded the phase I commitment by 20% and the drilling program exceeded the drilling depth commitment by 50%.

This program resulted in two successive gas and condensate discoveries: the CLPL-Dorado-91H/1z well and, the CLPL-Barracuda-1G/1 well. The third well, CLPL-Dorado North 1-82K/1 was plugged and abandoned as a dry hole on 14th December 2011.

Cairn Lanka's successful drilling program the first in Sri Lanka in 30 years has established a working petroleum system in the frontier Mannar Basin. Following this success, Cairn Lanka has notified the government of Sri Lanka of its intention to enter the second phase of exploration.

(Sourced from ET)