By an OGJ correspondent
KARACHI, Nov. 15 -- Pakistan has granted an exploration license agreement for Block 2367-4 (Indus Delta-A) to Government Holdings (Pvt.) Ltd. and signed a production-sharing agreement with Oil & Gas Development Co. Ltd. (OGDC) for exploration activities offshore.
Block 2367-4, which covers 2,499 sq km, lies in shallow water at the offshore edge of the Thar Platform in the Arabian Sea. The minimum work commitment involves spending estimated at $3.5 million.
OGDC currently holds the largest acreage position in Pakistan, operating 16 concessions, of which it holds 100% interest in seven. OGDC also holds nonoperating working interests in seven concessions operated by other companies.
