By an OGJ Correspondent
KARACHI, Oct. 23 -- Governor Ishratul Ebad of Pakistan's Sindh Province formerly inaugurated Sawan gas field and treating plant in the Khairpur district of Sindh Province Wednesday.
OMV AG of Austria unit OMV (Pakistan), operator of the SW-Miano JV, discovered Sawan gas field in January 1998 (OGJ, Mar. 2, 1998, p. 42). Sawan's proved and probable gas reserves are estimated at 1.3 tcf. The field was developed over 5 years at a cost of more than $270 million.
OMV and partners signed two separate agreements with the Pakistan governments and other stakeholders in 2001 for Sawan gas sales and development in two stages: Phase I gas sales agreements were signed with Sui Southern Gas Co Ltd. and Phase II with Sui Northern Gas Pipelines Ltd. (OGJ Online, Apr. 17, 2003).
Production in Phase I commenced this summer at a rate of 200 MMcfd. Phase II production, which will double that raw gas rate, is expected to start at yearend.
SW-Miano JV shareholders are OMV (Pakistan) 19.74%, AGIP Exploration & Production Ltd. 23.68%, Moravske Naftove Doly AS 7.9%, Pakistan Petroleum Ltd. 26.2%, and Government Holdings (Pvt.) Ltd. of Pakistan 22.5%.
