Lasmo wins license to explore Pakistan Block 2667-6

Pakistan Wednesday granted an oil exploration license to Lasmo Oil Pakistan Ltd., a wholly owned subsidiary of ENI SPA of Italy, for Block 2667-6 (Gorakh) in Pakistan's prospectivity Zone II. The license covers an area 2,482.44 sq km in the Dadu, Lasbela, and Khuzdar districts of Sindh and Balochistan provinces.

April 17, 2003

By an OGJ correspondent

KARACHI, Apr. 17 -- Pakistan Wednesday granted an oil exploration license to Lasmo Oil Pakistan Ltd., a wholly owned subsidiary of ENI SPA of Italy, for Block 2667-6 (Gorakh) in Pakistan's prospectivity Zone II. The license covers an area 2,482.44 sq km in the Dadu, Lasbela, and Khuzdar districts of Sindh and Balochistan provinces.

Lasmo will invest $720,000 in the first 2 years and then an additional $1.6 million, contingent on the results of the initial 2 years.

Lasmo also has working interests in Kadanwari, Bhit—which began production recently—Zamzama, Miano, and Sawan gas fields.