Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi sees the exchange of documents at the exploration licence, concession agreement signing ceremony. PHOTO: PID
According to a release issued by the ministry of petroleum, the agreements given included Blocks 2564-2 (Parkini Block-A), 2763-5 (South Kharan), 2764-3 (Palantak), 2564-5 (Rasmalan West), 2865-3 (Kharan-3), 2561-1 (Gwadar), 3169-2 (Zhob), 2566-5 (Bela North), 2764-2 (Rakhshan), 3066-5 (Bostan), 2866-3 (Khuzdar North), 3370-14 (Tirah), 3171-3 (Khiu), 3273-4, 3070-17 (Layyah), and (Warnali) 3273-4 with the OGDCL.
Parkini Block-A block is located in Awaran and Kech districts of Balochistan, South Kharan block in Kharan district of Balochistan, Palantak block in Kharan and Panjgur districts of Balochistan, Rasmalan West block in Awaran and Pasni districts of Balochistan, Kharan-3 in Kharan and Nushki districts of Balochistan, Gwada, Pasni and Kech districts of Balochistan, Zhob block in Zhob,Musakhel districts of Balochistan and in Fata, Bela North clock in Khuzdar,Awaran and Lasbela disctricts of Balochistan, Rakhshan block in Kharan district of Balochistan, Bostan block in Ziarat, Pishin, Killa Abdulla and Quetta districts of Balochistan, Khuzdar North block in Khuzdar district of Balochistan, Tirah block in Khyber, Kurram and Orakzai Agencies of Fata, Khiu block in Bhakkar and Khushab districts of Punjab, Layyah block in DG Khan and Muzaffargarh districts of Punjab, Warnali block in Chakwal, Jhelum and Rawalpindi districts of Punjab. The total area of aforesaid blocks is 32,357 square kilometer and with a minimum firm work commitment is $39.19 million.
Apart from minimum work commitment, companies are obligated to spend a minimum of $30,000 per year in each block on social welfare schemes.
The release added that as part of the incumbent government’s aim to step up oil exploration, 78 wells have been spudded and 20 discoveries have been made so far.
Oil production had crossed 93,600 barrels per day March 6, 2014, which is the highest oil production level achieved so far.
So far, the ministry of petroleum and natural resources after taking all provinces on board in finalising a model petroleum concession agreement (MPCA) and model exploration licence (MPCA), had awarded 50 blocks on provisional basis to nine E&P companies on January 21, 2014. Of these 21 blocks fall in Balochistan, 15 in Punjab, six in Sindh and eight blocks in Khyber-Pakhtunkhwa province. The ministry had further signed (28) ELs and PCAs in February, 2014.
OGDCL is a Public Limited Company engaged in Exploration & Production activities in the country for the last four decades. OGDCL holds the largest share of Oil (58%) & Gas (42%) of the total reserves in the country. Its percentage share of total Oil & Gas production in Pakistan is 52% and 27%, respectively. In addition, OGDCL is the Operator in 48 exploration licences and working interest owner in 6 other exploration blocks operated by various E & P companies. OGDCL is currently producing 43,896 barrels of Oil, 1163 MMCFD of gas, 84 metric tons of LPG and 96 metric tons of Sulphur per day, says press release
The execution ceremony was attended by Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi, State Minister for Petroleum and Natural Resources Jam Kamal Khan, and Advisor to Ministry of Petroleum and Natural Resources Zahid Muzaffar. The respective ELs and PCAs were signed by Secretary Petroleum and Natural Resources Abid Saeed, Director General Petroleum Concessions Saeedullah Shah, Managing Director OGDCL Riaz Khan, and Directors from the provinces of Balochistan and Punjab.
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Mr Khaqan.. its good to hear that...but Kindly provide the opportunity for freshers.. our country rising star are leaving, due to no JObs...