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11 companies bid for Mannar oil basin

Eleven companies have put in bids to explore the Mannar oil basin, Sri Lanka's Director Benefits and Mechanical Engineer at the Petroleum Resources Development Secretariat Preeni Withanage told The Sunday Leader.

The block was formerly due to be developed by Cairn India Ltd, however the company chose to exit the area in 2015. 

The government had called for tenders for the block known as M2 earlier this year.