|
200,000 sq.km sedimentary areas under exploration: Jadoon
By Asad Cheema
ISLAMABAD—Minister for Petroleum and Natural Resources,Amanullah Khan
Jadoon Saturday said out of 827,000 square kilometerssedimentary areas,
about 200,000 square kilometer area was under exploration of natural
resources. "The government was giving highest priority to enhance
indigenous oil and gas production in view of high energy prices in the
world market and meeting the growing energy needs in the country."
He made these remarks while talking to Chief Executive Officer of
GGSSpectrum Company of Norway, Collin Fleming who called on him here
andexpressed his company's desire to invest US $ 25 million on updating
ofSeismic data of Pakistan.
Giving a presentation to the Minister about his company's profile
andworldwide activities in the oil and gas sector, Collin Fleming
proposed tocarry out seismic survey of entire offshore area of Pakistan
in two phasesfree of cost and liability under multi-client arrangements.
The Minister said the Government would welcome the spectrum's
proposalfor offshore seismic survey and observed that updating seismic
data wasprerequisite for the successful oil and gas exploration.
He underlined the need to use state-of-the-art technology for
boostingthe petroleum sector. Minister of State for Petroleum and
Natural Resources, Mir MohammadNaseer Mengal, Secretary, Petroleum,
Ahmed Waqar, Director General PC and Oil were also present during the
meeting. |