Pakistan Petroleum signs exploration pacts

Jan. 14, 2010
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.