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PEL is also privileged to have become the first private sector Pakistani energy company that is venturing in the overseas exploration in the Kingdom of Morocco, North Africa. On June 20, 2007, PEL signed Petroleum Agreement and Association Contract for exploration and exploitation of hydrocarbons in four blocks, Haha-1, Haha-2 and Haha-3. In Haha-1, Haha-2, and Haha-3 PEL holds 75% working interest and is the operator while its joint venture partner, ONHYM (Moroccan oil and gas company), retains 25% stake. These blocks with an area of 4,919 Km² are located 20 Km North of the coastal town of Agadir. PEL concessions area is shown in area #3 in the map.
The work commitment during the first two years is to acquire 500 line-Km 2-D seismic survey. PEL is developing an ambitious exploration programme in its blocks to firm up the leads currently identified on existing seismic data. The plan is to process existing seismic data and acquire new seismic data over these leads in order to upgrade them to drillable prospect status
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