ISLAMABAD –Federal Minister for Energy Muhammad Hammad Azhar graced thesigning ceremony of Petroleum Concessions/ Exploration Licences of 6 oil &gas blocks at Petroleum Division on Friday.
These Exploration Licences and PCAs were signed by Mian Asad Hayaud Din,Secretary Petroleum Division, Mr. Abdul Jabbar Memon, Director GeneralPetroleum Concessions on behalf of Government of Pakistan, Mr. ShahidSaleem Khan, Managing Director, OGDCL, Mr. Faheem Haider, ManagingDirector, MPCL and Mr. Moin Raza Khan, Manager Director, PPL.
Director General Petroleum Concession, Petroleum Division granted PetroleumConcession Agreements (PCAs) and Exploration Licences (ELs) over Block No.3068-6 (Killa Saifullah) and Block No.3067-7 (Sharan) with Oil & GasDevelopment Company Limited (OGDCL) and Mari Petroleum Company Limited(MPCL), Block No. 3069-9 (Suleiman) with OGDCL and Pakistan PetroleumLimited (PPL) and Block No. 2467-17 (Sujawal South), Block No.3273-5(Jhelum) and Block No.3272-16 (Lilla) with OGDCL.
The Minister for Energy (Petroleum Division) stated that these efforts willbear fruit for the country in the form of additional hydrocarbon reservesduring next few years. The Minister expressed that execution of theExploration Licences and PCAs will not only enhance investment in thepetroleum sector but will also contribute in bridging the energy demand andsupply gap.
DG(PC) highlighted that minimum firm work commitment for these blocks is US$ 24.68 Million for the period of three years. Companies are obligated tospend a minimum of US $ 30,000/year in each block on social welfareschemes. Annual social welfare obligation in respect of these 06 blocks isUS $ 180,000.
Killa Saifullah Block covering an area of 2421.96 sq. kms in located in thedistrict of Killa Saifullah while Sharan Block covering an area of 2497.89sq. kms is located in the districts of Killa Saifullah and Zhob andSuleiman Block covering an area of 2172.89 sq. kms is located in Musakhel,Zhob, Killa Saif Ullah & Loralai Districts. Sujawal South covering an areaof 1914.1 sq. km. is located in Sujawal District. Jhelum Block covering anarea of 1524.65 sq. kms is located in the districts of Jhelum, Gujrat &Mandi Bahauddin while Lilla Block covering an area of 2361.12 sq. kms islocated in Chakwal, Jhelum & Khushab Districts.
OGDCL is a Public Limited Company engaged in Exploration & Productionactivities in the country for the last four decades. OGDCL holds thelargest share of Oil 41% & Gas 36% of the total reserves in the country.Its percentage share of total Oil & Gas production in Pakistan is 47 % and29%, respectively. OGDCL is the Operator of fourty one (41) explorationlicences and working interest owner in six (6) other exploration blocksoperated by various E & P companies. OGDCL is currently producing 35,805BOPD of Oil, 1012 MMCFD of gas, 761M Tonnes of LPG and 53M Tonnes ofSulphur per day.
PPL is also a Public Limited Company engaged in Exploration & Productionactivities in the country. PPL is Pakistan’s oldest and largest Exploration& Production company, which was incorporated during 1950.Its percentageshare of total Oil & Gas production in Pakistan is 13 % and 19 %respectively. PPL is the operator in 26 Exploration Licences and workingInterest owners in 17 other exploration blocks operated by various E &Pcompanies. PPL is currently producing 10,076 BOPD of Oil, 673 MMCFD of Gasand 238 M Tonnes of LPG.
MPCL is primarily an exploration and production company in the upstreamsegment of the petroleum industry. Its principal business activitiesinclude oil and gas exploration, drilling, field development, productionand distribution of hydrocarbons (including natural gas, crude oil,condensate and LPG) as well as provision of E&P related services oncommercial basis. Mari Petroleum is an integrated exploration andProduction Company, currently managing and operating Pakistan’s largest gasreservoir at Mari Gas Field, Daharki, Sindh. MPCL is the second largest gasproducer in the Country with 753 MMCFD Gas and 1,722 BOPD oil. MPCL is theoperator in 06 Development & Production Leases, 11 Exploration Licences andworking Interest owners in 07 other exploration blocks operated by variousE &P companies.
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