Islamabad: According to our sources, six petroleum exploration blocks in Sindh, Balochistan, and Punjab were awarded to state-run oil and gas exploration and production companies on Friday.
The exploration licenses (ELs) and petroleum concession agreements (PCAs) were signed on behalf of the government by Petroleum Secretary Mian Asad Hayaud Din and Director General of Petroleum Concessions Abdul Jabbar Memon, and Managing Director of Oil and Gas Development Company Limited (OGDCL) Shahid Saleem Khan, Managing Director of Mari Petroleum Company Limited (MPCL).
Block No. 3068-6 (Killa Saifullah) and Block No. 3067-7 (Sharan) in Balochistan with OGDCL and MPCL; Block No. 3069-9 (Suleiman-Balochistan) with OGDCL and PPL; and Block No. 2467-17 (Sujawal South) in Sindh with OGDCL, Block No. 3273-5 (Jhelum) and Block No. 3272-16 (Lilla)
The director-general of the Petroleum Commission announced that the minimum firm work investment for these blocks was $24.68 million for a three-year term. Companies must spend a minimum of $30,000 per year on social welfare schemes in each block. The social care responsibility for these six blocks is $180,000 a year.
Killa Saifullah district is home to the Killa Saifullah block, which spans 2421.96 square kilometers, and the Sharan block, which spans 2497.89 square kilometers and is shared by Killa Saifullah and Zhob districts. Musakhel, Zhob, Killa Saifullah, and Loralai districts make up the Suleiman block, which spans 2172.89 square kilometers. The Sujawal South block is located in Sindh’s Sujawal district and covers an area of 1914.1 square kilometers. The Jhelum block, which covers an area of 1524.65 square kilometers, is located in the districts of Jhelum, Gujrat, and Mandi Bahauddin, while the Lilla block, which covers an area of 2361.12 square kilometers, is located in the districts of Chakwal, Jhelum, and Khushab.
Over the next few years, the energy minister hopes that the licenses will support the country by providing additional hydrocarbon reserves. He stated that the implementation of ELs and PCAs would not only increase investment in the petroleum sector but would also help to close the gap between energy demand and supply in the region.