Hayleys to support oil and gas industry

Hayleys PLC has formalised plans to extend the Group's expertise and interest into the oil and gas industry to support and facilitate efforts to explore, extract and develop hydrocarbon reserves in the country.

A milestone joint venture agreement signed in Colombo brings together the combined resources and synergies of Hayleys Advantis, one of the region's significant marine services and transport logistics businesses and the extensive expertise in oil and gas exploration of Edgo Merap, (part of the Edgo Group - www.edgo.com) in a new business entity seeking to provide support services and participate in oil and gas exploration and production activities anticipated in Sri Lanka and overseas locations over the next few years.