Hayleys opts for oil rig hub business By Sunimalee Dias View(s): View(s):KATUNAYAKE – Hayleys Energy Services has begun to explore opportunities in diversifying within the oil and gas industry by locating an oil rig at the tax free Advantis Free Zone at Katunayake, the first of two more in the pipeline. Refurbishing, modifying and other maintenance aspects including repairs with the assistance of the Colombo Dockyard, have been carried out at the site by Hayleys Energy, Hayleys Energy Services CEO/Director Chas Charles said. The oil rig located at the EPZ is a work over rig, which is a rig that could be used for servicing anexisting oil well on land, he said. EMAS Energy is an international company working on both onshore and offshore operations in the energy lifecycle and is a client of Hayleys Energy Services. The total revenue on the oil rig generated by Hayleys Energy Services would be totalling about Rs.100 million, Mr. Barnett said.

Source: Sunday Times October 01, 2016 19:40 UTC