Petroleum Exploration License to PEL For Mirpu Mathelo Area
Islamabad, June 3, 2002.
The Government of Pakistan today June 3, 2002 granted a
Petroleum Exploration Licence to the Joint Venture of Petroleum Exploration
(Private) Limited (95%) and Government Holdings (Private) Limited (5%) over
Block No.2769-9 (Mirpur Mathelo) covering an area of 1030.68 square
kilometers in Zone III in districts Sukkur and Khairpur of Sindh province.
The area has a high potential of producing gaseous hydrocarbons from shallow
reservoirs like Sui Main Limestone, Sui Uppper Limestone and Habib Rahi
Limestone of Eocene Age. Goru Sands of cretaceous age can also be considered
as a secondary reservoir.
PEL is a local company established in 1994 and since then is
engaged in exploration and production activities. Presently PEL is the
operator of Kandra and Ghauspur blocks. Badar Gas Mining Lease in Ghasupur
Block was granted to them in March 2002 which will supply 16 MMSCFD of Gas
to SNGPOL during the third quarter of 2003. PEL is also working interest
owner in Block 22 where gas has been discovered in Sadiq, Hasan and Hamza
Wells and on Extended Well Test basis gas is being produced from Hasan Gas
Field since December 2000.
In Mirpur Mathelo Block, the Joint Venture intends to purchase
Seismic Data, Geological and geophysical Studies in the first year,
Reprocessing of Existing Seismic Data or Acquisition of 50 line km of
Seismic Data in the second year and One Exploratory Well upto a depth of
1,200 meters or SML whichever is encountered earlier, will be drilled in the
The Licences and the Petroleum Concession agreements were signed
by Mr. M. Abdullah Yusuf, Secretary Petroleum and Natural Resources on
behalf of the President Islamic Republic of Pakistan, Mr. G.A. Sabri,
Director General Petroleum Concessions Mr. Zaheeruddin Chief Executive, PEL
and Mr. M. Mansoor Zubair on behalf of Government Holdings (Private)
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