Pakistan grants exploration license to PEL

Pakistan on Dec. 20 granted a petroleum exploration license to Petroleum Exploration (Private) Ltd. (PEL) for Block 2769-13 (Salam) in Zone-III in Pakistan.

Jan. 2, 2004

By an OGJ correspondent
KARACHI, Jan. 2 -- Pakistan on Dec. 20 granted a petroleum exploration license to Petroleum Exploration (Private) Ltd. (PEL) for Block 2769-13 (Salam) in Zone-III in Pakistan. The area covers more than 200 sq km in Ghotki and Jacobabad districts in Sindh Province. Both parties also signed a petroleum concession agreement.

PEL has made a firm commitment to invest $425,000 for an exploration program on the block. The program will involve the review of geological and geophysical data and the acquisition of 30 line-km of 2D seismic data during the first 2 years of the license.

PEL is operator of petroleum concession licenses for Blocks 2768-3 (22), 2768-6 (Kandra), and 2769-9 (Mirpur Mathelo). PEL also serves as operator of Hasan, Sadiq, and Khanpur development and production leases and Badar gas field.