Fowzie says Sri Lanka will only award one out of three offshore oil blocks

Petroleum minister A H M Fowzie says Sri Lanka will only award one out of three offshore oil blocks in the north west of the island for which international oil companies gave bids.
The Minister adds the country will award it to the bidder who will give most profits to the government.
On January 31st when bids closed, Block 001, which is closest to India attracted bids from three players: ONGC Videsh, Cairn India, and Niko Resources of Cyprus