Pakistan's PEL Signs E&P JV with Moroccan State Oil Company

SINGAPORE Jul 02, 2007 (Dow Jones Newswires)

Petroleum Exploration Pvt. Ltd., or PEL, has become the first-ever Pakistani oil and gas company to undertake exploration and production in North Africa, Pakistan's Business Recorder reported Monday.

PEL has entered into a joint venture agreement with ONHYM, the Moroccan state oil and gas company, for exploration of oil and gas in three blocks in the country.

PEL will hold a 75% working interest in the block and the Moroccan state oil company 25%.

Copyright (c) 2007 Dow Jones & Company, Inc.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
 
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
 
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours