Shell evaluates 3D seismic data for offshore Pakistan Block 2365-1

Shell Pakistan Ltd. (SPL) affiliate Shell Development & Offshore Pakistan BV has completed a 3D seismic survey of Block 2365-1 in the deepwater Indus E basin, 150 km south of Karachi. Shell plans to allocate a further $25 million to drill an exploratory well if the survey indicates promise.

Oct. 4, 2004

By an OGJ Correspondent

KARACHI, Oct. 4 -- Shell Pakistan Ltd. (SPL) affiliate Shell Development & Offshore Pakistan BV has completed a 3D seismic survey of Block 2365-1 in the deepwater Indus E basin, 150 km south of Karachi.

SPL, which has already invested $12-15 million in the block, plans to allocate a further $25 million to drill an exploratory well if the survey indicates promise. A decision will be made by yearend, said SPL Managing Director Farooq Rehmatullah. The block is near Block G&H, which Total SA abandoned in the Indus basin.

Shell's partners are Kufpec Pakistan BV, Kuwait Petroleum Corp., and Premier Oil PLC.