Pakistan Petroleum signs exploration pacts

Pakistan Petroleum Ltd. (PPL) has signed two oil and gas exploration agreements with the Pakistani government.

By an OGJ correspondent
KARACHI, Jan. 14
-- Pakistan Petroleum Ltd. (PPL) has signed two oil and gas exploration agreements with the Pakistani government.

PPL signed concession agreements for the 2,459-sq-km 2467-12 Jungshahi block and the 2,436-sq-km 2568-18 Gambat South block, both in Sindh.

PPL intends to invest more than $17.05 million in the blocks over 3 years for work including 2D and 3D seismic surveys and drilling.

The agreement resulted from a Sept. 30, 2009, bidding round.

PPL operates Sui, Kandhkot, Mazarani, Adhi, and Chachar fields in Pakistan with total production of 786 MMcfd of gas, 4,989 b/d of oil, and 150 tonnes/day of LPG.

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