A joint venture of Union Texas Pakistan, Inc (UTPI), Occidental Petroleum (Pakistan), Inc. (OPPI) and Government Holdings got the license for exploration in Mehran Block No. 2467-4 in Thatta District, Sindh province covering approximately 577.42 square kilometers.
The other license was granted to Ocean Pakistan Corporation and Government Holdings for the Offshore Makran Central Block No. 2462-4 covering about 6,000 square kilometers.
The total commitment in the Mehran Block is 5.07 million U.S. dollars. Under the terms of the exploration license, granted for a period of three years, UTPI will acquire three-dimension (3D) seismic data of 70 square kilometers and drill four exploratory wells.
Under the work program agreed with the government for the Makran Central Block, Ocean Pakistan will carry out geological and geophysical studies, and acquire, process and evaluate 3D data of a minimum of 200 square kilometers amounting to 1.1 million dollars.
A wholly-owned subsidiary of the British Petroleum group, UTPI has drilled 120 exploratory wells and made 53 successful oil discoveries in Pakistan. With the result, it is now the largest oil producer in the country.
UTPI's total oil production has now reached 24,000 barrels per day and its total gas production stands at about 200 million cubic feet per day.
Ocean Pakistan is a wholly-owned subsidiary of Ocean Energy, Inc., a leading independent oil and gas exploration and production company in North America.
OPPI, a wholly-owned subsidiary of Occidental Oil & Gas Corporation of the United States, has remained active in Pakistan' s exploration and production sector and has made prolific discoveries in the country.
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