Sri Lankan Oil and Gas exploration grinds to a standstill amid protracted legal battle Sri Lanka’s efforts to attract and leverage international investment into exploration and commercialisation two blocks adding to over 5,000 square kilometers with potential oil and gas resources in the Mannar Basin have once again been gridlocked by legal challenges in the Court of Appeal. According to the latest developments in the CA (Writ) Application No: 392/2023, the court found that a prima facie case has been established by the Petitioner, Serendive Energy. Accordingly the court issued orders restraining the 1st to 36th Respondents and/or its servants or agents from granting to any 3rd party other than the Petitioner the rights to offshore exploration of blocks M1 and C1, until a final determination is reached in the case. ...

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