Close 

Pakistan reports 66 license applications

Pakistan’s Ministry of Petroleum and Natural Resources said it received 66 applications for exploration licenses to 50 blocks out of 58 blocks offered in a licensing round that ended Mar. 10.

It said spending commitments by applicants totaled more than $372 million.

Under a petroleum policy adopted last year, the government offered onshore blocks under concession agreements and offshore blocks under a production-sharing framework.

It hasn’t broken out bids by area or identified bidding companies.


To access this Article, go to:
http://www.ogj.com/content/ogj/en/articles/2013/03/pakistan-reports-66-license-applications.html