Government awards exploration block ‘Suleiman’ to the joint venture formed between OGDC and PPL

MG News | January 29, 2021 at 01:56 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 29, 2021 (MLN): The government of Pakistan has provisionally awarded a new block ‘Suleiman’ (Block No. 3069-9) situated in Balochistan, for exploration rights to the joint venture formed between Oil and Gas Development Company Limited (OGDCL)and the Pakistan Petroleum Limited (PPL), after competitive bidding, on the basis of work units committed by different E&P Companies in the Block Bidding Round 2020 arranged by the Government.

OGDCL and PPL each hold fifty percent working interest in the block which will be operated by OGDCL, subject to the execution of a Petroleum Concession Agreement and the issue of an Exploration License.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,151.64 144.46M	-0.49% -814.44
ALLSHR	100,160.64 444.98M	-0.49% -488.40
KSE30	48,839.53 59.90M	-0.74% -364.21
KMI30	237,910.57 79.44M	-0.58% -1377.34
KMIALLSHR	65,000.12 239.08M	-0.50% -328.80
BKTi	45,593.95 6.87M	-0.33% -150.73
OGTi	33,310.97 3.20M	-0.61% -205.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,525.00	82,290.00 81,135.00	-305.00 -0.37%
BRENT CRUDE	111.48	111.75 109.00	1.93 1.76%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-1.05 -0.81%
ROTTERDAM COAL MONTHLY	147.10	147.10 147.10	0.00 0.00%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	100.71	100.93 98.04	2.17 2.20%
SUGAR #11 WORLD	20.63	20.75 20.43	0.06 0.29%