Federal Minister for Petroleum at the signing of Petroleum Concessions and Exploration Licences agreements at the Ministry of Petroleum today .

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The incumbent Government’s reform agenda and efforts to attract investment in the Petroleum Sector shall proceed unabated. These remarks were made by Mr Omar Ayub Khan, Federal Minister for Petroleum at the signing of Petroleum Concessions and Exploration Licences agreements at the Ministry of Petroleum today.

In a boost to attract investment and meet the growing energy requirements of the country, the Government of Pakistan today executed Petroleum Concessions (PCAs) and Exploration Licences (ELs) of critical Blocks in the provinces of Sindh and Balochistan. The PCAs and ELs were signed by Mian Asad Hayuddin, Secretary Petroleum and Managing Directors of PPL and OGDCL. Mr Nadeem Babar, SAPM to the PM on Energy also witnessed the signing ceremony.

The details of these PCAs and ELs are Block No.2768-1 (Sorah) that has been executed with PPL, Block No 3069-10 (Musakhel) is a Joint Venture between OGDCL and PPL and 2667-9 (Khuzdar South) with OGDCL.

These blocks are located in the province of Sindh and Balochistan. Sorah Block covers an area of 1151.70 Sq KM’s and is located in Sukkur (61.92%) and Khairpur (38.08%). Khuzdar South Block falls in Khuzdar (87.42%) and Dadu (12.58%) districts and covers an area of 2493.36 Sq KM’s. Musakhel Blocks is located in Musakhel (94.92%) and Zhob (5.08%) districts. and spans an area of 2176.15 Sq. KM’s.

The minimum firm work commitment for these blocks is US $ 13.61 million for a period of three years. The companies entering into agreements today would be obligated to spend a minimum of US $ 30,000/year in each block

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