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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.

LATEST NEWS

 

September 28, 2020
Sri Lanka appoints new DG to Petroleum Resources Development Secretariat

February 05, 2020
SRI LANKA FULL TENSOR GRADIOMETRY (FTG) MULTI-CLIENT PROGRAM

January 21, 2020
POST OF DIRECTOR GENERAL OF THE PETROLEUM RESOURCES DEVELOPMENT SECRETARIAT

September 04, 2019
Execution of the Amended and Restated Joint Study Agreement with Total E&P Activities Petrolieres

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