PEL core startegy is to explore and find hydrocarbons in the Lower Indus/ Middle Indus Basin where infrastructure is well developed for marketing.
In the initial phase PEL has concentrated on the core strategy of exploring for hydrocarbons in the Lower/Middle Indus Basin where infrastructure is well developed for marketing and it now holds exploration and production rights over 18,000 Km2 area in some of the best proven potential areas for hydrocarbons in these regions of Pakistan.
PEL currently have 10 onshore and 3 offshore exploration licenses, 6 development and production leases, and one non-operated joint-venture block in Pakistan. It has so far drilled 17 exploration and development wells involving an expenditure of about US$ 50 Million. PEL is presently producing 30 MMCFD (Million Cubic Feet per Day) of natural gas from four gas fields. PEL is committed to investing over US$300 Million on exploration and development in its concession areas in the next three years.
PEL acreages are adjacent to some of the top gas producers; e.g. Qadirpur (500 MMscfd gas) in the north, Mari (465 MMscfd gas) in east, Sawan etc (500 MMscfd gas) in south. These areas are located in the central gas producing basin, which produces over 70% of the total Pakistan gas reserves.
Exploration Licenses and Mining Leases
S# |
Exploration Licence
Name & Block No. |
Licence No. |
Award Date/Status |
Area
(Sq Km) |
WIO’S |
| 1 |
Mirpur Mathelo (2769-9) |
(304/PAK/2002) |
3rd Jun 02 |
1030.68 |
PEL (Operator) 35%
FHPL 35%
GPX 25%
GHPL 5 % (Carried)
|
| 2 |
Salam (2769-13) |
(327/PAK/2003) |
20th Dec 03 |
200.22 |
PEL (Operator) 37.5%
FHPL 37.5 %
GPX 25% |
| 3 |
Karsal (3272-12) |
(326/PAK/2003) |
3rd Jun 05 |
724.42 |
PEL (Operator) 37.5%
FHPL 37.5 %
GPX 25% |
| 4 |
New Larkana (2768-10) |
(352/PAK/2005) |
3rd Jun 05 |
2425.96 |
PEL 100% |
| 5 |
Badin IV North (2468-6) |
(363/PAK/2005) |
5th Jan 06 |
1246.03 |
PEL (Operator) 37.5%
FHPL 37.5 %
GPX 25% |
| 6 |
Badin IV South (2468-5) |
(366/PAK/2005) |
5th Jan 06 |
1265.33 |
PEL (Operator) 37.5%
FHPL 37.5 %
GPX 25% |
| 7 |
Offshore Indus-J (2266-4) |
(6/PAK/2005) |
29th Sep 06 |
2436.3 |
PEL (Operator) 67%
BP 33% |
| 8 |
Offshore Indus-P (2365-3) |
(14/PAK/2006) |
29th Sep 06 |
897.48 |
PEL (Operator) 67%
BP 33% |
| 9 |
Offshore Indus-O (2266-7) |
(13/PAK/2006) |
29th Sep 06 |
833.78 |
PEL (Operator) 67%
BP 33% |
| 10 |
Jhangara (2567-5) |
(344/PAK/2005) |
27th Apr 05 |
358 |
PEL(Operator) 40%
OGI 60% |
| 11 |
Mirpurkhas West (2568-16) |
(393/PAK/2007) |
25th Sep 07 |
199.3 |
PEL 100% |
| 12 |
Sanghar East (2669-5) |
(394/PAK/2007) |
25th Sep 07 |
2493.1 |
PEL 100% |
| 13 |
Kaloi (2468-8) |
(392/PAK/2007) |
25th Sep 07 |
2485.1 |
PEL 100% |
| 14 |
Sukkur ( 2768-9) |
(376/PAK/2006) |
20th April 06 |
2435.4 |
PEL 35%
MGCL (Operator) 65% |
S# |
Development & Production Leases |
Lease No. |
Award Date/Status |
Area (Sq Km) |
WIO’s |
| 1 |
Badar D&PL |
(151/PAK/2002) |
13th Mar 02 |
122 |
PEL (Operator) 26.32%
OGDCL 50%
Sherrit 15.79%
Spud 7.89% |
| 2 |
Hasan D&PL |
(157/PAK/2003) |
3rd Apr 03 |
37.05 |
PEL (Operator) 26.18 %
PPL 35.52%
Pyramid 15.78%
GHPL 22.50% |
| 3 |
Sadiq D&PL |
(155/PAK/2003) |
3rd Apr 03 |
40.72 |
| 4 |
Khanpur D&PL |
(156/PAK/2003) |
3rd Apr 03 |
41.78 |
| 5 |
Hamza EWT |
(171/PAK/94) |
7th Apr 04 |
173.12 |
| 6 |
Kandra ML |
(171/PAK/2006) |
5th Jan 06 |
286.08 |
PEL 35% (Operator)
GHPL 5%
FHPL 35%
GPX 25% |
WIO(in SML)
PEL 37.5% (Operator)
FHPL 37.5%
GHPL 25%
|
PEL Joint Venture Partners
The diversity of operating companies which are joint venture partners with PEL clearly shows their confidence in PEL as a sound operating company. Below is the list of our esteemed joint venture partners.
- GHPL (Government Holdings Private Limited), Pakistan
- PPL (Pakistan Petroleum Limited), Pakistan
- PEII (Pyramid Energy International Incorporated), Canada
- OGDCL (Oil & Gas Development Company Limited), Pakistan
- BP, UK
- GPX (Gulf Petroleum Exploration), Kuwait
- FHPL (Frontier Holdings Private Limited), Canada
- ONHYM (Office National des Hydrocarbures et des Mines), Morocco
- SHERRITT International Oil & Gas Limited, Canada
- SPUD Energy Limited, Australia
- OGI (Oil & Gas Investments), Pakistan
- MGCL (Mari Gas Company Limited), Pakistan
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