Business

Oil and gas: K-P to facilitate exploration

Raziuddin says last two years witnessed increase in oil and gas exploration activities by local and foreign companies

APP December 02, 2015

PHOTO: FILE

PESHAWAR:

Khyber-Pakhtunkhwa Oil & Gas Company (KPOGCL) will facilitate local and foreign exploration and production companies in seismic data acquisition, geological and geo-physical (G&G) surveys as well as provide logistic support and fool-proof security arrangement.

Chairing a meeting, Chief Executive Officer Raziuddin said that in the last two years the province has witnessed unprecedented increase in oil and gas exploration activities by local and foreign companies as eight rigs were working in different areas.

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“K-P would be the new geological frontier for oil and natural gas,” he said, adding that K-P was endowed with vast hydrocarbon deposits and has become the centre of attraction for local and foreign investors. The services will include preliminary geological and geophysical (G&G) survey, magnetic and gravity survey, 2D/3D seismic data acquisition, drilling security services, land permitting, camp supply management, and other support services.

Published in The Express Tribune, December 2^nd, 2015.

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COMMENTS (2)

Jamil | 8 years ago | Reply Rehman sahib, you are a great man.

Rehman | 8 years ago | Reply Well done, and keep on with the good work - Management of KP Oil & Gas Co. The province could soon be recognised as the the Texas or Alberta of Pakistan, should these abundant hydrocarbon reserves be fully explored, developed and produced. The potential is sky-high, however, administrative & political hurdles in the way should soon be eliminated, in order to quickly bring these resources into productive use. Besides, KPK's fossil fuel deposits are deemed to be of conventional-type, as opposed to the much talked about and extremely expensive and technically challenging to exploit/produce Unconventional energies i.e. shale gas, tight oil, CBM gas etc.

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