By an OGJ correspondent
KARACHI, May 18 -- Pakistan's Privatization Commission has received 14 expressions of interest from international investors for a 51% equity stake with management control in Pakistan Petroleum Ltd. (PPL).
Companies submitting expressions of interest included BG Group, BP Pakistan Exploration & Production Inc., China National Oil & Gas Exploration & Development, ZhenHua Oil Co. Ltd., Centurion Energy International Inc., Dewan Salman Fiber Ltd. & Associates, International Sovereign Energy Corp., Kuwait Foreign Petroleum Exploration Co., MOL Hungarian Oil & Gas PLC, OMV Exploration & Production, Orient Petroleum Inc., and Tysons Oil & Energy.
PPL had proved plus probable reserves of 6.9 tcf of gas and 15 million bbl of oil and natural gas liquids as of July 1, 2004. PPL produced averages of 942 MMcfd of gas and 1,697 b/d of oil and NGLs in fiscal 2004.
