By an OGJ correspondent
KARACHI, Feb. 1 -- The Pakistani government has granted a petroleum exploration license to Techno Petroleum (Pvt.) Ltd. (TPPL) for Block No. 2770.3 (Islamgarh) in the Bahawalpur and Rahim Yar Khan districts of Punjab province in Zone-III. The block covers 230 sq km.
TPPL plans to invest $3.7 million in geological and geophysical studies, a 150-line-km 2D seismic survey, and an exploratory well during the first phase of the initial 3-year period.
TPPL is a new local exploration and production company. It also holds a 10% working interest in the Yasin Block.
