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Vision

To ensure that all Sri Lankans benefit from the petroleum resources of the country by managing the industry in an equitable, safe and environmentally sustainable manner.

Mission

Design and monitor fiscal regimes that meet the country's evolving economic needs, matching them with a stable, efficient regulatory framework that attracts investment and encourages knowledge transfer, until the last economic reserves are produced.

Mandate

The Petroleum Resources Development Secretariat (PRDS) was established under the Petroleum Resources Act, N0 26 of 2003. The mandate of the Secretariat includes discharge of such functions as are to be assigned to it from time to time, by the Cabinet of Ministers. The Secretariat shall also act for and on behalf of the State for all purposes related to Petroleum Resources Agreements entered into with the State. The PRDS has also been assigned much of the functions of the Petroleum Resources Development Committee (PRDC) which it is directed to assist through the Act.

PRDC

Petroleum Resources Development Committee formulates policies and prepare plans for promoting the development of Petroleum Resources in Sri Lanka.

Mr. Upali Marasinghe – Chairman

Secretary, Ministry of Petroleum Resource Development


Dr.R.H.S. Samaratunga - Member

Secretary, Ministry of Finance


Dr.B.M.S.Batagoda - Member

Secretary, Ministry of Power & Energy


Mr.Kapila Waidyarathne - Member

Secretary, Ministry of Defence


Mr. Anura Dissanayake - Member

Secretary, Ministry of Mahawali Development & Environment


Mr. Jagath Wijeweera - Member

Secretary, Ministry of Fisheries & Aquatic Resources


Mr. Shashi Dhanatunga – Member

Ministry of Petroleum Resource Development


Mr. Dumindra Rathnayake – Member

Chairman, Board of Investment of Sri Lanka(BOI)


Mr. Vajira Dassanayake - Member

Director General, Petroleum Resources Development Secretariat

LATEST NEWS

 

September 14, 2018
THE SEARCH

September 04, 2018
Request for Proposals to deliver a short-term training on Petroleum Economics, The closing date is extended to 03rd of October 2018.

June 11, 2018
Government of Sri Lanka signing an Agreement for Geophysical Exploration Services with Eastern Echo DMCC

January 08, 2018
An update on the upcoming licensing round

Archived News
SRI LANKA’s OFFSHORE SEISMIC PROGRAMME TO BEGIN SOON
Sri Lanka includes natural gas in power planning studies