Sri Lanka-News as of 24th June 2022 – By Dr Harold Gunatillake   Sri Lanka’s economy ‘has completely  collapsed’, says despairing PM Transcript: India stands ready to help Sri Lanka in quick economic recovery through promoting investments, connectivity and strengthening economic linkages,” Indian foreign ministry spokesman Arindam Bagchi posted on Twitter. Sri Lanka’s prime minister says its debt-laden economy has collapsed after months of food, fuel and electricity shortages, and the South Asian island nation cannot even purchase imported oil. “We are now facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food. Our economy has completely collapsed. That is the most serious issue before us today,” Prime Minister Ranil Wickremesinghe told Parliament on Wednesday. “Currently, the Ceylon Petroleum Corporation is $700 million in debt,” he told MPs. “As a result, no country or organisation in the world is willing to provide fuel to ...

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New Insights into Sri Lanka Cauvery and Mannar Basins from FTG and Aeromagnetic Data to be presented at SEAPEX 2022 Bell Geospace, the world leaders in gravity gradiometry, has conducted the first aerial mapping of petroleum resources in Sri Lanka in Q4 of 2021, and will be presenting these insights – together with Wintermoon Geophysics- at the prestigious SEAPEX (South East Asia Petroleum Exploration Society) Asia Pacific Conference in London on Thursday the 30th of June. The mapping project was conducted during the last quarter of 2021 as part of a collaboration between Bell Geospace and the Government of Sri Lanka, with the aim to explore offshore oil and gas potential in the seas off the North and Northwest of the island. This entailed the acquisition, processing and interpretation of data from Airborne 3D Full Tensor Gravity Gradiometry (FTG), Gravity Gradiometry, and Magnetic Surveys that were employed to gather data ...

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