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

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.

“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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