ISLAMABAD – New developments reported over the Pak Afghan border petroleumexploration zone.
The federal government is looking to establish a new zone called FrontierZone near the Pakistan-Afghanistan border for exploration and productionactivities, according to a local media house.link
The zone is likely to fall under the amended Petroleum Policy 2012. Thematter will be tabled at the Council of Common Interests (CCI) which willmeet today with Prime Minister Imran Khan heading the meeting.
The Council of Common Interests (CCI) will discuss a 16-point agenda duringthe meeting. The chief ministers of all the provinces have been summoned todeliberate on different topics including population census, LNG import,amendment in the Oil and Gas Regulatory Authority (OGRA) Ordinance 2002 andAlternate Energy Policy 2019.
The report stated that the well-head price for the new zone has not beenfinalized, as it will be finalized after amendments to the Petroleum Policy2012 are approved by the CCI.
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The zone will be called Zone-I (F) covering Kharan, Pishin, and FATA whichare reported to have tremendous unexplored hydrocarbon reservoirs estimatedto be over 20 trillion cubic feet (TCF).
According to the report, the well-head price for the new zone has beenproposed at $7 per MMBTU, but it is yet to be finalized.
The report quoted an official saying that a new zone for high-risk frontierregions will be set up with better returns, offering good prospects ofbetter hydrocarbon discovery and production.
