Tag: PPL

PPL Seeks PDS Advice on Gas Allocation for CCGT Power Plant

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PPL-Plant

Pakistan Petroleum Limited (PPL) has sought advice from the Petroleum Division (PDS) regarding the allocation of gas for its Combined Cycle Gas Turbine (CCGT) power plant project. The PPL is planning to set up a 1,200-megawatt (MW) CCGT power plant, which will require a significant amount of gas to operate. However, the company is seeking clarification on the gas allocation process and the availability of gas for the project. The PDS has been requested to provide guidance on the gas allocation framework, including the priority of gas allocation, the gas…

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PPL’s Sui Field Operations Under Threat Again Amid Union Protest

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New-PPL

ISLAMABAD: The operations of Pakistan Petroleum Limited (PPL) at the Sui gas field are once again under threat as the employees’ union has disrupted activities, demanding recruitment under the abolished son quota scheme. Despite a Supreme Court ruling that declared the practice unconstitutional, the union is pressuring the management to comply with their demands. According to sources, local PPL management staff have been detained and held hostage in their offices by the CBA union and non-management technical employees. Additionally, they have blocked field staff from boarding chartered flights, further escalating…

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PPL and GoB Sign Landmark Memorandum of Agreement for Sui Development and Production Lease

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Sui, Dera Bugti – February 14, 2025: Pakistan Petroleum Limited (PPL) and the Government of Balochistan (GoB) have reached a significant milestone by signing a Memorandum of Agreement (MoA)—a crucial step towards the execution of the Petroleum Concession Agreement (PCA) for the Sui Development and Production Lease (D&PL). The signing ceremony, held at Sui, District Dera Bugti, was graced by Chief Minister of Balochistan, Mir Sarfraz Bugti as the Chief Guest, alongside the Federal Minister for Planning, Development & Special Initiatives Mr. Ahsan Iqbal, Senator Shahzaib Durrani, Senator Danesh Kumar,…

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PPL Commences Gas Production from Takri-1 Well in Jamshoro

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New-PPL

Pakistan Petroleum Limited (PPL) has announced the start of gas production from the Takri-1 exploratory well in Jamshoro, Sindh. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX). The Kotri North Joint Venture, consisting of United Energy Pakistan Limited (UEPL) as the operator with a 50% working interest, along with PPL (40%) and Asia Resources Oil Limited (10%), achieved this milestone by tapping into the hydrocarbon potential of Takri-1. Key Highlights: Exploration Details: Takri-1 was spudded on November 11, 2024, and drilled to a depth of…

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PPL Asia Secures $6 Million Settlement from Iraq’s Midland Oil Company

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New-PPL

KARACHI: PPL Asia E&P BV, a wholly-owned subsidiary of Pakistan Petroleum Limited (PPL), has successfully received a $6 million settlement from Iraq’s Midland Oil Company (MdOC), concluding the Exploration, Development, and Production Service Contract (EDPSC) for Block-8 in Iraq. In a notice to the Pakistan Stock Exchange (PSX) on Monday, PPL stated, “We are pleased to notify that PPL Asia E&P BV (PPLA) has received the amount of $6 million on January 3, 2025, in relation to the closeout of the above-referred EDPSC.” The settlement agreement, finalized and signed in…

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