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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 which it is directed to assist through the Act.

LATEST NEWS

 

May 22, 2017
SRI LANKA’s OFFSHORE SEISMIC PROGRAMME TO BEGIN SOON

February 15, 2017
Secretary - Ministry of Petroleum Industries interview on ITN 28-12-2016

February 07, 2017
M2 block tender, licensing plans

January 18, 2017
Sri Lanka Commences Marketing Mannar basin Exploration Block M2

Archived News
Sri Lanka includes natural gas in power planning studies
Cairn India to Make History in Sri Lanka's Petroleum Industry