3 exploration licenses awarded to foreign companies in 5 years

January 25, 2019: Petroleum Division of the Energy Ministry has granted three licenses to foreign companies for carrying out exploration activities in potential areas of the country during last five years.

The application fee for grant of a petroleum exploration license is Rs 100,000, official sources said.

The OMV (Pakistan), an Austrian oil and gas exploration company, was awarded a permit to start exploratory drills in Kuhan (Block 2867-5) on 2,497.83 square-kilometer area on February 28, 2014.

A Kuwaiti firm, Tallahassee, got the exploration license for Karak North (Block 337015) on 99.14 sq. km area on August 25, 2014.

While, a Canadian company KPBV got the license to start exploration activities in Paharpur (Block 3170-5) on 2,260.79 sq. km area on March 13, 2015.

(APP)