Mid-Term Horizon
Over the mid-term horizon, resource mobilization of the order of US $ 135 million is foreseen. Recap of order of magnitude investment for the projects indicated under Acreage and Projects section is predicted as:
Investment Opportunities
 Over 80 % of Pakistan’s energy needs are met by indigenous gas and oil production supplemented by imports. Gas contributes around 50 percent in the mix or around 40 % on the overall basis. The energy consumption growth rate is predicted at 8 % annually for the mid-term 2008 to 2010.
Though indigenous oil production is modest at 63,000 BPD and is supplemented by imports to the tune of US 2.5 to 3.5 billion per year, gas production is around 3.5 BCF per day and has tangible potential of enhancement to meet the growing demands.
With 26.8 TCF of proven gas reserves and a potential of discovering in mid-term horizon, more gas deposits conservatively predicted at 50 TCF, the sector offers excellent investment opportunities.
PEL’s suite of very promising acreage holdings together with investment friendly policies of the Government of Pakistan with sovereign guarantees offer excellent opportunities to invest and become a petroleum exploration and development partner with PEL.
PEL offers an array of proposals ranging from partnerships to joint ventures to strategic investment projects both on on-shore and off-shore basis.
Future Developments
PEL plans to drill 27 wells during 2010-2012 in their concerning areas.
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2010-2012 Break-Up of Exploratory / development Wells
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Exploratory Wells for 2010
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4
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Development wells for 2010 |
2
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Sub Total for 2010 |
6
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Exploratory Wells for 2011
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5
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Development Wells for 2011
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5
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Sub Total for 2011
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10
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Exploratory Wells for 2012
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5
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Development wells for 2012 |
6
|
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Sub Total for 2012 |
11
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|
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Total Wells for 2010-2012 |
27
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