Oil and gas exploration and discoveries.(Pakistan)

From: Economic Review | Date: February 1, 2003| Author: Khan, Ahmad M. | Copyright information

Over 25 oil companies of which 21 are multinational are presently exploiting reserves. The government has issued over 100 licenses for exploration of around 28,000 sq. km. Over the last couple of years, the pace of exploration and discoveries has accelerated as a result of change in the pricing policy namely dismantling of cost-plus gas well-head price agreement 1982 and deregulation of oil prices.

The government has chalked out a comprehensive plan to drill 100 wells a ...

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