Pakistan: 53 blocks offered to exploration companies

[mICHEAL]

Pakistan has offered 53 blocks to exploration companies for competitive bidding on the occasion of the two-day Pakistan oil and gas exploration promotion conference which began here on Thursday.

In his keynote speech Prime Minister’s Adviser on Petroleum and Natural Resources Dr Asim Hussain highlighted the huge untapped exploration potential in Pakistan and said that total endowment of hydrocarbons in the country was estimated at 27 billion barrels of oil and 280 trillion cubic feet of gas of which only 3.4 per cent of oil and 19 per cent of gas had been explored so far.

Dr Hussain said that with a success ratio of 1:3 and highly attractive terms of engagement under the Petroleum Policy 2009 and availability of large number of acreages made Pakistan a land of opportunities for any hydrocarbon explorer.

Pakistan’s High Commissioner to the UK Wajid Shamsul Hasan highlighted the significance of strategic location of Pakistan and said that the country being a gateway to the energy-rich Central Asia, the financially liquid Gulf states and the East Asian tiger economies remained an ideal destina tion for investment. He said the oil and gas sector in Pakistan had seen phenomenal growth. Over the past half century the petroleum industry has played a significant role in economic development, by making large indigenous gas discoveries.

He further informed that Pakistan met about 15 per cent of its oil needs from local sources. Oil and gas are major components of Pakistan’s energy mix.

He said that the government sought to promote foreign investment in upstream petroleum sector with a view to exploiting indigenous hydrocarbon resources in an optimum manner for the benefit of the nation.

Special Secretary Petroleum and Natural Resources G.A. Sabir made a presentation on salient features of Petroleum Policy 2009 and briefed on lucrative fiscal terms for onshore and offshore exploration.

Mr Zahid Hussain, Chairman of the Oil and Gas Development Corporation, briefed on the geological aspects of oil- and gas-rich areas of Pakistan.

A large member of investors from the UK and multinationals already working successfully in Pakistan are participating in the conference.

[mICHEAL]

mICHEAL wrote:

Pakistan has offered 53 blocks to exploration companies for competitive bidding on the occasion of the two-day Pakistan oil and gas exploration promotion conference which began here on Thursday.
In his keynote speech Prime Minister’s Adviser on Petroleum and Natural Resources Dr Asim Hussain highlighted the huge untapped exploration potential in Pakistan and said that total endowment of hydrocarbons in the country was estimated at 27 billion barrels of oil and 280 trillion cubic feet of gas of which only 3.4 per cent of oil and 19 per cent of gas had been explored so far.
Dr Hussain said that with a success ratio of 1:3 and highly attractive terms of engagement under the Petroleum Policy 2009 and availability of large number of acreages made Pakistan a land of opportunities for any hydrocarbon explorer.
Pakistan’s High Commissioner to the UK Wajid Shamsul Hasan highlighted the significance of strategic location of Pakistan and said that the country being a gateway to the energy-rich Central Asia, the financially liquid Gulf states and the East Asian tiger economies remained an ideal destina tion for investment. He said the oil and gas sector in Pakistan had seen phenomenal growth. Over the past half century the petroleum industry has played a significant role in economic development, by making large indigenous gas discoveries.
He further informed that Pakistan met about 15 per cent of its oil needs from local sources. Oil and gas are major components of Pakistan’s energy mix.
He said that the government sought to promote foreign investment in upstream petroleum sector with a view to exploiting indigenous hydrocarbon resources in an optimum manner for the benefit of the nation.
Special Secretary Petroleum and Natural Resources G.A. Sabir made a presentation on salient features of Petroleum Policy 2009 and briefed on lucrative fiscal terms for onshore and offshore exploration.
Mr Zahid Hussain, Chairman of the Oil and Gas Development Corporation, briefed on the geological aspects of oil- and gas-rich areas of Pakistan.
A large member of investors from the UK and multinationals already working successfully in Pakistan are participating in the conference.

Currently PK IS Importing 40 % of Equivalent of Total Oil Requirement from OutSide ... This will decrease the dependency of Imported Fuel for Country

[MOMIN ANSARI]

Good

[mICHEAL]

MOMIN ANSARI wrote:

Good

53 Blocks had been offered to Multinational Companies from France, China & US to explore and drill Oil & Gas fields to add more into Country needs of Fuel

[mICHEAL]

mICHEAL wrote:

<quoted text>53 Blocks had been offered to Multinational Companies from France, China & US to explore and drill Oil & Gas fields to add more into Country needs of Fuel

OGDCL this year alone add 17 New Oil Fields ..

[MOMIN ANSARI]

mICHEAL wrote:

<quoted text>OGDCL this year alone add 17 New Oil Fields ..

Good

[GlobeSon]

Most of these blocks are located in Balochistan.

The province of Baluchistan is being looted by pakis before the Baloch people get freedom from porki rule.

40% of porkistan's natural resources are located in Baluchistan. Porki panjabis are eyeing Balochistan for exploiting it completely, while massacring the poor Baloch people who protest against it.

[MOMIN ANSARI]

GlobeSon wrote:

Most of these blocks are located in Balochistan.
The province of Baluchistan is being looted by pakis before the Baloch people get freedom from porki rule.
40% of porkistan's natural resources are located in Baluchistan. Porki panjabis are eyeing Balochistan for exploiting it completely, while massacring the poor Baloch people who protest against it.

Sindh Province is responsible for Country's 70 Oil Needs and it is doing so .. Baluchistan is for Gas Supply .... Its Both Provinces which voice its concern over the Royalty issue .... it has been resolve and now Provinces would be getting full rights on Royalty ...

[GlobeSon]

MOMIN ANSARI wrote:

<quoted text>Sindh Province is responsible for Country's 70 Oil Needs and it is doing so .. Baluchistan is for Gas Supply .... Its Both Provinces which voice its concern over the Royalty issue .... it has been resolve and now Provinces would be getting full rights on Royalty ...

royalty for Balochistan reserves? my foot.

I have first hand data of how the Porki government is looting the Baloch land and suppressing Balochis.

Baluchistan was never a priority for Pakistan until recently they found huge gas/oil reserves there.

It is estimated that Baluchistan alone holds more than 40% of Porkistan's natural gas/oil.

Suddenly Porki Panjabis preyed on it and started exploiting Baluchistan's reserves.

Today Punjab province gets Rs.280 per barrel of oil as royalty, Sindh gets Rs.230 and Baluchistan govt gets only Rs.27 per barrel!

Poor Balochis have to buy cooking gas from Iran in black market at a rate of Rs.1000-1500 per cylinder

It is clear how Porkis are looting Baluchistan.

Innocent Balochis are being massacred by porki army + ISI for several decades. Baloch leaders are kidnapped and eliminated.

It's time the UN steps in. Its a wake up call for the UN's human rights commission.

[mICHEAL]

GlobeSon wrote:

<quoted text>
royalty for Balochistan reserves? my foot.
I have first hand data of how the Porki government is looting the Baloch land and suppressing Balochis.
Baluchistan was never a priority for Pakistan until recently they found huge gas/oil reserves there.
It is estimated that Baluchistan alone holds more than 40% of Porkistan's natural gas/oil.
Suddenly Porki Panjabis preyed on it and started exploiting Baluchistan's reserves.
Today Punjab province gets Rs.280 per barrel of oil as royalty, Sindh gets Rs.230 and Baluchistan govt gets only Rs.27 per barrel!
Poor Balochis have to buy cooking gas from Iran in black market at a rate of Rs.1000-1500 per cylinder
It is clear how Porkis are looting Baluchistan.
Innocent Balochis are being massacred by porki army + ISI for several decades. Baloch leaders are kidnapped and eliminated.
It's time the UN steps in. Its a wake up call for the UN's human rights commission.

UN Human Right Commission is fast asleep .. don't wake them from their sweet dreams ... its my Q. for u why many states in India r fighting for their Independence

[MOMIN ANSARI]

mICHEAL wrote:

<quoted text>UN Human Right Commission is fast asleep .. don't wake them from their sweet dreams ... its my Q. for u why many states in India r fighting for their Independence

Pakistan military is serving Under UN in Conflicts parts of World ... and at this day more than 10,500 Soldiers are stationed in Different Countries which makes Pakistan No. 1.

[mICHEAL]

MOMIN ANSARI wrote:

<quoted text>Pakistan military is serving Under UN in Conflicts parts of World ... and at this day more than 10,500 Soldiers are stationed in Different Countries which makes Pakistan No. 1.

Good

[MOMIN ANSARI]

mICHEAL wrote:

<quoted text>Good

This will help Pakistan to down Import Oil Bill....

[ProfessorKISA]

Some truth. What Ansari should have said is that not 53 blocks but the whole of Pakistan sold along with its Muslims to US

[MOMIN ANSARI]

ProfessorKISA wrote:

Some truth. What Ansari should have said is that not 53 blocks but the whole of Pakistan sold along with its Muslims to US

Why ur A*SS is burning ...