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
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.
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