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Pakistan grants exploration licences of six oil, gas blocks Business April 24, 2021 ISLAMABAD: Pakistan on Friday granted petroleum concessions and exploration licences of six oil and gas blocks across the country to local companies as the government is struggling to reduce gap in energy demand and supply. Director General Petroleum Concession of petroleum division granted petroleum concession agreements and exploration licences over Block No. 3068-6 (Killa Saifullah) and Block No. 3067-7 (Sharan) to Oil and Gas Development Company Limited (OGDCL) and Mari Petroleum Company Limited (MPCL), Block No. 3069-9 (Suleiman) to OGDCL and Pakistan Petroleum Limited (PPL) and Block No. 2467-17 (Sujawal South), Block No.3273-5 (Jhelum) and Block No.3272-16 (Lilla) to OGDCL. ....
Govt awards six exploration blocks The move will attract minimum $24.68m of firm work commitment Earlier, a 40% premium was offered on respective zonal prices in the 2009 petroleum policy, but with announcement of the 2012 policy, the price incentive for tight gas exploration was withdrawn. PHOTO: FILE ISLAMABAD: The government on Friday awarded six exploration blocks to oil and gas exploration and production companies to attract a minimum $24.68 million in firm work commitment. The ceremony for the signing of petroleum concession/ exploration licence agreements for the six oil and gas blocks was attended by Federal Minister for Energy Hammad Azhar. Petroleum Concession Director General Abdul Jabbar Memon granted petroleum concession and exploration licences for Block No 3068-6 (Killa Saifullah) and Block No 3067-7 (Sharan) to Oil and Gas Development Company Limited (OGDCL) and Mari Petroleum Company Limited (MPCL), Block No 3069-9 (Suleiman) to OGDCL and P ....
Pakistan grants exploration licences of six oil, gas blocks thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.