Sri Lanka signs deal with Schlumberger subsidiary for $50 million seismic study

By Ranga Sirilal COLOMBO (Reuters) - Sri Lanka on Wednesday signed an agreement with a subsidiary of U.S. firm Schlumberger for a $50 million seismic study off the country's east coast to evaluate any prospective oil resources, a senior government official said. Sri Lanka signed the agreement with Eastern Echo DMCC, a subsidiary of Schlumberger, to carry out seismic data acquisition surveys, advance data processing and interpretation work or modelling of petroleum systems.

from Latest News Business on Firstpost https://ift.tt/2sj4fMi