ISLAMABAD: Federal secretary for Petroleum and Natural Resources, Momin Agha , on Wednesday said the government has taken a bold decision to offer Pakistan’s offshore blocks to the exploration companies to find carbon in Pakistan ‘s deep waters .
Addressing a concluding ceremony of Annual Technical Conference (ATC) here , federal Petroleum secretary ,Momin Agha, said the government has made a plan to expedite exploration activities in Pakistan and as a part of this strategy off shore blocks are being offered to the public and private exploration companies. He said ”
The government will provide a comprehensive infrastructure to the exploration companies besides providing them other requirements as well as foolproof security. Earlier , the panelists noted that up to 70 percent area in Pakistan is still unexplored and needs to be evaluated for the exploration of oil and gas to reduce the import of fuel.
The two-day 29th Annual Technical Conference (ATC) was arranged jointly by the Society of Petroleum Engineers (SPE) and Pakistan Section and Pakistan Association of Petroleum Geoscientists (PAPG), here at a local hotel.
Faheem Haider, MD and CEO of Mari Petroleum Company Limited, Chairman ATC and Chairperson SPE Pakistan Section, along with the managing directors and senior management of all the E&P companies including PEL, service companies, international delegates from all over the world including SPE MENA Regional Director and EVP of Abu Dhabi National Oil Company (ADNOC) Mohamed Al Marzouqi and over 1,200 delegates attended the opening session.
The theme of this year’s conference is “Exploring the Unexplored: High-Risk Plays and Economic Challenges”.
The ATC is a flagship event of the upstream oil and gas industry of Pakistan which attracts international and domestic experts. It provides an opportunity to international and local industry to showcase technology. It is a forum where the authors share their experiences of successful deployment of technology for benefit of the entire industry. The application of new technology can bring improvement and increase oil and gas production from the indigenous resources of Pakistan.
