Ministry of Petroleum & Natural Resources

The Government of Pakistan on January 21st 2014 provisionally awarded 50 petroleum exploration blocks to eight companies including both local and foreign companies

GOVERNMENT OF PAKISTAN

MINISTRY OF PETROLEUM AND NATURAL RESOURCES

 

PRESS RELEASE

 

The Government of Pakistan on January 21st 2014 provisionally awarded 50 petroleum exploration blocks to eight companies including both local and foreign companies namely, Oil & Gas Development Company (29), Pakistan Petroleum Limited (10), Pakistan Oilfields Limited (3), Mari Petroleum Limited (1), OMV Pakistan (1), Ocean Pakistan Limited (1) and Oil & Gas Investments Limited (2). Two new exploration companies namely Tallahhasse, a Canadian Company and a local company, Al-Haj Enterprises have been awarded (1) and (2) exploration blocks respectively.  Out of 50 blocks 21 blocks are located in Baluchistan, 15 in Punjab, 8 in Khyber Pakhtunkhwa and 6 in Sindh province. The total area of these blocks is about 103,348 Sq. Kms which is around 38% of the area already under exploration.  Province-wise area which will come under exploration in Punjab is 32,271.92 Sq.kms, Sindh 14,755.69 Sq.kms, Balochistan 45,769.94 Sq.kms and Khyber Pakhtunkhwa 10,550.08 Sq.kms. These exploration blocks are awarded after consultation with the provinces. After execution of agreements for these blocks, the exploration activities in the country will pick a new momentum and provinces will get immediate financial benefits in terms of social welfares and rentals. The companies in consultation with local civil administration/Provincial Governments, will undertake Social Welfare programmes  such as fight against narcotics, promotion of sports, rehabilitation of the mentally retarded and handicapped children, improvement of educational facilities, drinking water, health, roads, and grant of scholarships for local students . The companies will be committed to spend, during the exploration phase prior to Commercial Production, at least Thirty Thousand United States Dollars ($ 30,000)/block per year in the areas falling under new exploration blocks as CSR.