Exxon, Eni Pakistan, OGDCL and PPL sign Deed of Assignment for Offshore Indus 6 (Block 2265-1)

News Image

By MG News | May 28, 2018 at 09:25 PM GMT+05:00

0:00

Prime Minister Shahid Khaqan Abbasi Monday witnessed the signing ceremony of Deed of Assignment of 25% Participating Interest in Offshore Indus 6 (Block 2265-1).

The Deed of Assignment was executed among the Directorate General Petroleum Concession, Ministry of Energy-Petroleum Division, GHPL, Eni Pakistan Ltd (8.34%), Exxon Mobil Exploration and Production Pakistan BV, OGDCL (8.33%) and PPL (8.33%) to effectuate the transfer of Participating Interest. 

The Offshore lndus G (Block 2265-1) is considered one of the most promising blocks in offshore Pakistan. An ultra-deep exploration well is planned to be spud in the first quarter of 2019 in the Block for which preparations were underway. Exploration success in offshore Pakistan will change the energy landscape of the country. 

This assignment is of great significance as it is the continuation of an increased interest from Major Oil Companies in Pakistan Offshore Exploration with Eni, reconfirming its long lasting commitment to Pakistan and ExxonMobil returning to Pakistan after 33 years.

The Joint Venture is led by Eni Pakistan Ltd (Operator), a subsidiary of Eni SpA, a leading energy company. 

The signing ceremony, held at Prime Minister’s Office, was also attended by Additional Secretary Petroleum Division, the Italian Ambassador, US Deputy Chief of Mission and senior executives of the companies.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 133,226.03
102.55M
-0.11%
-144.12
ALLSHR 82,999.08
376.68M
-0.10%
-82.07
KSE30 40,624.02
33.84M
-0.20%
-81.28
KMI30 192,181.21
43.08M
-0.21%
-399.47
KMIALLSHR 55,790.00
214.22M
-0.08%
-45.72
BKTi 36,253.86
5.54M
-0.17%
-63.31
OGTi 28,449.84
2.99M
-0.33%
-93.12
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,580.00 108,880.00
107,680.00
125.00
0.12%
BRENT CRUDE 69.44 69.50
69.03
-0.14
-0.20%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.77 67.97
67.40
-0.16
-0.24%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 08, 2025 at 10:42 AM GMT+05:00

Pakistan moves to regulate crypto with PVARA approval


July 08, 2025 at 09:41 AM GMT+05:00

DFML assembles over 300 EVs for delivery


July 08, 2025 at 09:31 AM GMT+05:00

NBP issues foreign exchange rates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg