PPL to explore oil in Eastern offshore of Indus-C block
By Adnan Rafique

ISLAMABAD—The Government executed Exploration License (EL) with Government Holdings (Pvt) Limited (GHPL) and Petroleum Production Sharing Agreement with GHPL and Pakistan Petroleum Limited (PPL)over Eastern Offshore Indus-C block, covering an area of 2,494 sq. kms. This block is located in the Arabian Sea and situated approximately 150 kms off the coast of Karachi. PPL will invest an amount of $7.7 during the first 3 years of the initial term of the License.
The execution of the new Production Sharing Agreement forms an integral part of the government's drive to attract investment into the oil with indigenous oil and gas production.
To meet this objective, the un-explored offshore region is being given special emphasis where an oil and gas discovery can provide a major impetus for attracting new investment significantly affecting exploration landscape of Pakistan.
PPL has been involved in petroleum exploration and production in Pakistan for over half a century and has made several oil and gas discoveries including Sui Field.
It has the geological and geophysical knowledge, data and experience in exploration and field development.
The company is the producer of gas from Sui, Mazarani, Khandhkot and Adhi fields.
The company is operator in eight EL and seven Development and Production (PD) Leases besides it has working interest in eight EL and six D &P Leases.
At present PPL has production around 770 million cubic feet of gas, 3,870 barrels of oil and 70 metric tons of LPG per day.
The execution ceremony was witnessed by Amanullah Khan Jadoon, Minister for Petroleum and Natural Resources and Muhammad Naseer Mengal Minister of State for Petroleum and Natural Resources.
The Exploration License and the Petroleum Sharing and the Petroleum Sharing Agreement were signed by Ahmad Waqar Secretary Petroleum and Natural Resources, Muhammad Naeem Malik Director General Petroleum Concessions, Agha Sher Hamid Zaman, Director GHPL and Syed Munsif Raza Managing Director, PPL.