Forum on economic prospects of petroleum

Two eminent speakers and policy drivers of the Government will discuss the economic prospects of petroleum and the extended continental shelf of Sri Lanka at the Sri Lanka Foundation, Colombo 7, on Thursday from 3 to 5 pm.

The forum is organised by the Shippers' Academy Colombo, an academic organisation focused on capacity and knowledge-building of the industry.

The two topics to be discussed are prevailing issues that will have a long-term impact on the economy and maritime activity.

Chairman, Petroleum Resources Development Secretariat (PRDS), President's office, Saliya Wickramasuriya will make a presentation on 'Sri Lanka's petroleum resources, where are we and what next?'

The other speaker will be board member of the largest state-owned enterprise reform entity, the Strategic Enterprise Management Agency (SEMA), Chris Dharmakirti.

The Petroleum Resources Development Secretariat (PRDS) was set up under the Petroleum Resources Act, No 26 of 2003. The mandate of the Secretariat includes discharge of functions that are assigned to it from time to time, by the Cabinet of Ministers.

The PRDS has also been assigned much of the functions of the Petroleum Resources Development Committee which it is was directed to assist through the Act.