ISLAMABAD: Pakistan has opened bids for 20 onshore petroleum exploration blocks, the government said in statement on Friday.
Thank you for reading this post, don't forget to subscribe!“The minimum investment to be carried out by the exploration and production (E&P) companies in these blocks for prospecting will be over $71 million in three years,” a statement from the petroleum division said.
The move to grant licences for discovery comes after a gap of several years as the country is facing depleting gas reserves, a rising domestic shortage and increasing reliance on imported liquefied natural gas (LNG).
