🛢️ Sri Lanka Launches 'Licensing Round 2026' for Offshore Oil & Gas

• Key Assets & Scope: Sri Lanka offers 4 offshore exploration blocks covering ~34,000 sq. km in the Mannar Basin after over a decade. • Resource Estimates: Existing gas discoveries Dorado (314 bcf) and Barracuda (525 bcf) total an estimated 839 bcf (P50), with Barracuda showing 4x upside potential. • International Marketing Campaign: Partnered with UK-based Frontier Energy Network via PetroInvest to target global operators and senior decision-makers. • 1 Sept: Technical data room opens for prospective bidders. • 29–30 Sept: Pitching opportunity at World Energies Summit in London. • 21 Oct: Dedicated virtual investor briefing. • 16–17 Nov: Investor engagement in Kuala Lumpur. • Timeline & Outlook: Bidding closes in early 2027, with commercial production targeted by 2032 (subject to successful exploration and development). Deepwater technology advancements significantly improve feasibility compared to a decade ago.