UNION TEXAS GROUP GETS MORE ACREAGE IN SE PAKISTAN

The government of Pakistan has awarded a petroleum exploration and development concession to a group led by Union Texas Pakistan Inc. (UTPI), a subsidiary of Union Texas Petroleum Holdings Inc., Houston. The Badin II concession area covers about 2,631 sq miles in Sindh province of Southeast Pakistan. Operator UTPI and Occidental Petroleum Pakistan, a subsidiary of Occidental Petroleum Corp., each own a 25.3% interest in the joint venture, while Oil & Gas Development Corp. (OGDC), a Pakistani

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