ISLAMABAD – Petroleum Division of the Energy Ministry has granted threelicences to foreign companies forcarrying out exploration activities in potential areas of the countryduring last five years.
The application fee for grant of a petroleum exploration licence is Rs100,000, official sources told APP.The OMV (Pakistan), an Austrian oil and gas exploration company, wasawarded a permit to start exploratory drills in Kuhan (Block 2867-5) on2,497.83 square-kilometer area on February 28, 2014.A Kuwaiti firm, Tallahassee, got the exploration licence for Karak North(Block 3370-15) on 99.14 sq. km area on August 25,2014.While, a Canadian company KPBV got the licence to start explorationactivities in Paharpur (Block 3170-5) on 2,260.79 sq. km area on March 13,2015.
