Tullow Awarded Exploration License in Pakistan
A Tullow-led consortium has been awarded and exploration license for Block 2769-II located in the districts of Ghotki and Rahim Yar Kahn of the Sindh and Punjab provinces. The block covers an area of 770.29 square kilometers.
The joint venture is obligated to carry out geological and geophysical studies and to reprocess 150 line kilometers of 2D and 60 square kilometers of 3D of seismic surveys, This seismic work will be carried out during the Phase-1 of the initial term of three years with a minimum expenditure obligation of approximately US $2 million.
Partners in the consortium are Tullow as operator with 48.19%; OGDCL with 30%; Pakistan Oil Fields Limited with 14.54%; and Attock Oil Company with 7.27%.