By an OGJ correspondent
KARACHI, Jan. 10 -- Pakistan has granted a petroleum exploration license to state-owned exploration and production firm Pakistan Petroleum Ltd. (PPL) for Block 2969-8 (Barkhan), covering 2,104 sq km in the Dera Bugti, Kohlu, Musa Khail Bazar, Barkhan, and Loralai districts of Balochistan Province (Zone II).
A Petroleum Ministry official told OGJ that PPL plans to invest more than $15.6 million on the block. The company will shoot 200 km of 2D seismic survey and drill three exploratory wells during the first phase of the 3-year initial exploration license period.
PPL serves as operator of seven onshore and two offshore exploration licenses. It also holds nonoperating working interests in six development and production leases as well as seven exploration licenses.