OMV Signs Two New Exploration Licences in Pakistan

Reuters

VIENNA, Feb 28 (Reuters) - Austria's OMV and its joint venture partner Pakistan Petroleum Limited have signed two new exploration licences in Pakistan, OMV said on Friday.

The Kuhan block in Baluchistan province will be operated by OMV, and the Margand Block, also in Baluchistan, will be operated by PPL, it said. Both companies have a working interest of 50 percent in each block.

OMV said the joint venture would start exploration in the second half of this year, consisting of seismic data acquisition and drilling of exploration wells.

(Reporting by Georgina Prodhan, editing by William Hardy)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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