LAHORE: The Pakistan Muslim League-N government has granted 46 new blocks for exploration of gas and oil, increasing the area under exploration by 35 per cent to 363,639 sq kms from 269,152 sq kms.
The Petroleum Ministry authorities said that around 32,000 bbl of oil production per day have been added and over 500 MMCFD additional gas has also been injected in the gas network system. Pakistan domestic oil production has touched its highest level to 100,698 barrels per day.
They said that current government has taken various measures to create an investment friendly environment in the exploration & production (E&P) sector to attract investment. Due to the efforts of the Ministry of Petroleum & Natural Resources, about 173 wells have been spud, 47 discoveries have been made and 17 Leases have been granted during the tenure of this government.
The government has recently requested for award of exploration blocks on strategic partnership basis and Kirthar Pakistan B.V., a subsidiary of Kuwait Petroleum Corporation (a wholly owned company of the Government of Kuwait) had applied for acquiring Petroleum Rights in Paharpur Block on Government to Government basis.
