News & Updates

Petroleum Exploration (Pvt) Ltd (PEL), a private sector Pakistani company has announced a significant discovery of natural gas in its Badin South Block located in district Sajjawal (Sindh). PEL is the operator of the Block. The well named as Aminah-1 was spud-in on 6th January, 2016 and reached the target depth of 2297 meters on 3rd February, 2016. Based on the wire line logs, potential hydrocarbon bearing zone were identified in Lower Guru formation. Initial testing of lower guru formation flowed 16 MMSCFD gas at 48/64 Choke size. Thus confirming the presence of commercial quantity of natural gas at Aminah-1.

The discovery augurs well for the energy requirements of the country and will act as stimulant for further exploration in the region.

Mr. Zaheeruddin, Chairman & Chief Executive of PEL, informed that his Company is committed to build a strong indigenous base of oil & gas exploration and to contribute in reducing Pakistan's dependence on imports of the petroleum products. To achieve this goal he disclosed that his Company, with its joint venture partners, has embarked upon an aggressive exploration programme and is all geared up to drill another exploratory well, Ayesha North-1, in the same Block.

Badin South Block having two discoveries i.e. Ayesha-1 and Aminah-1 will together be producing approximately 25 MMSCFD of high quality gas. All efforts are afoot to bring these two discoveries on stream within the shortest possible time. It is pertinent to mention that PEL is already producing 10 MMSCFD from Block-22 and 11 MMSCFD from Badar Block. Its production portfolio also includes 10 MMCDF from Badar - 2 well, 13 MMSCFD with 113 bbl of condensate from Ayesha-1. These are proven discoveries and are being connected to the national grid on a fast track basis. PEL's cumulative production from various fields will rise to over 60 MMSCFD of natural gas in about four months.

It may be noted that PEL is a private sector Pakistani E&P company. It is actively engaged in oil & gas exploration in its petroleum concession areas which includes 6 development & production / mining leases, 9 onshore blocks, one offshore block and 3 overseas blocks. It is the first private sector Pakistani E&P company that is venturing in offshore exploration in Indus offshore J-Block located in the deep waters of Pakistan in the Arabian Sea.

PEL is also the first private sector Pakistani company to engage itself in the overseas oil & gas exploration in North Africa. It has signed Petroleum Agreement and Association Contract for exploration of hydrocarbons in three blocks in the Kingdom of Morocco. PEL holds 75% working interests and is the operator while its joint venture partner ONHYM, the Moroccan state oil & gas company, retains 25% stakes. PEL has completed drilling of the first exploratory well in Morocco and is finalising arrangements for drilling of second exploratory well.

Petroleum Exploration (Pvt) Ltd  (PEL), a private sector Pakistani company is pleased to announce that by the grace of Almighty Allah it has made a significant discovery of oil and gas  in its Badin South IV Concession Block. The well named as Ayasha-1  was spud-in  on  December 31, 2013 and completed on  February 14, 2014 after achieving the target depth of 2400 meters. The well flowed 11.32 MMCFD  of good quality natural gas  with a heating value of 967 BTU. Well also flowed 115 barrels of 57o API condensate per day with a well head pressure of 2000 PSI. We had carried out extensive seismic survey. In Badin South IV Block alone PEL had acquired 150 line km 2D seismic data and purchased 3075 Line km 2D seismic data and 630 km2 3D seismic data form Directorate General of Petroleum Concessions.

Efforts are in hand to put the well into production and connect it with the main gas distribution system without any loss of time. The discovery augurs well for the energy starved nation and will act as stimulant for further exploration in the region.

PEL is the operator of the Block. The government has allocated entire gas from Ayesha-1 to Sui Southern Gas Company Ltd (SSGCL) with whom a Gas Sales Agreement is being negotiated and expected to be finalized by end of February 2016. Gas from the field is expected in the SSGCL system by end of August, 2016.

Mr. Zaheeruddin, Chairman & Chief Executive of PEL,  informed that the discovery in Badin South IV Block was made possible with the active  support   of Ministry of Petroleum & Natural Resources as well as cooperation of joint venture partners. He further disclosed that his Company is committed to build a strong indigenous base of oil & gas exploration and to bring the country on the path of self-sufficiency in petroleum products. To achieve this goal PEL, with its joint venture partners, has embarked upon an aggressive exploration programme and is all set to drill another exploratory well in Badin South IV block named as Haleema-1. Drilling is likely to commence on 26 February 2014.  The Company has also hired another rig for drilling Badar-2 well in Badar Mining Lease in Ghotki, Sindh and Hasan-4 well in Block-22 in District Shikarpur, Sindh which are aimed at increasing gas production from these two gas fields operated by PEL.

It may be recalled that PEL is a private sector Pakistani E&P company. It is actively engaged in oil & gas exploration in its petroleum concession areas which includes 6 development & production/mining leases, 9 onshore blocks, one offshore block and 5 overseas blocks. The Company is already producing about 20 MMCFD gas from two of its producing gas fields. It is the first private sector E&P company that is venturing in offshore exploration in Indus offshore J-Block located in the deep waters of Arabian Sea.

PEL is also the first private company to engage itself in the overseas oil & gas exploration in North Africa and Myanmar. It has signed Petroleum Agreement and Association Contract for exploration of hydrocarbons in three blocks in the Kingdom of Morocco. PEL holds 75% working interests and is the operator while its joint venture partner ONHYM, the Moroccan state oil & gas company, retains 25% stakes. PEL has already carried out 3-D seismic in Tamanar area  and is all set to drill first exploratory well in its Moroccan concessions during 1st half of 2014.

The Company has also entered the realm of oil & gas sector of Myanmar and has been granted two  blocks  which are spread over an area of 9069 sq km and 1194 sq km. 

Management and all tiers of PEL establishment expressed their resolve to continue striving for the development and progress of oil & gas sector of the country in line with the policy of the Government

Petroleum Exploration (Pvt) Ltd (PEL), an exploration and production company, in Joint Venture with GPXP announced the drilling of an exploration well Aminah-1 in its Badin IV South Concession. The spud-in commenced at 18:30 hrs on 6 January 2016. The well will be drilled below 2300m and is expected to reach the target depth in Lower Goru formation within a period of 30 days. The well is being drilled by KS-3 Drilling Rig of 1500HP. Following the drilling of Aminah-1, PEL will undertake back to back drilling of another well (Ayesah North) in Badin IV South and Zainab-1 in the adjoining Badin IV North concession. This drilling campaign is expected to last till July 2016.Badin IV South and Badin IV North concessions were granted to PEL on January 05, 2006. The company carried out extensive seismic acquisition, processing and G&G work and had delineated a number of leads. As a result of these exploratory efforts, the company was able to make a gas/condensed discovery in Ayesha-1,also located in Badin IV South concession. Presently efforts are in hand to commence the production from Ayesha-1 after finalization of the Gas Sale Purchase Agreement with Sui Southern Gas Company, a national gas utility. The commencement of production from Ayesha will be PEL’s humble contribution in helping the Government to mitigate the current energy crisis. PEL, as a national local private company, is also carrying out exploration activities in its other eight blocks including the offshore block where an extensive seismic and G&G work has already been undertaken

Petroleum Exploration (Pvt) Limited, a Pakistani Exploration and Production Company in joint venture partnership with ONHYM, a Moroccan National Petroleum Company, signed a Petroleum Agreement on July 09, 2015 regarding THE EXPLORATION FOR AND EXPLOITATION OF HYDROCARBONS. The signing ceremony was held at ONHYM’s headquarters in Rabat, Morocco, for award of the “Haha Onshore” permits with a validity period of eight (8) years. Read More

                                               

Pictures at the signing ceremony Pictures

A delegation from Republic of Belarus headed by Mr. Igor Lyashenko, the Minister for Energy visited the Corporate Head Office of Petroleum Exploration (Pvt) Ltd on 28th May 2015. A MOU was signed between PEL and the State Concern of Oil & Chemistry, a state owned entity of the Republic of Belarus. The MOU was inked by Mr. Shahbaz Zaheer, Director Operations PEL and Mr. Igor Lyashenko, in his capacity as the Chairman of Belaurian State Concern of Oil & Chemistry. The parties agreed to collaborate in the following spheres:

  • Exchanging expertise for the provision of services in oil & gas sector.
  • Exchanging mutual advice to promote cooperation in the oil sector.
  • Encouraging dialogue between the parties through exchange of information.


The MOU comes into force immediately and will remain valid for 5 years. The signing ceremony was also witnessed by Mr. Michail Miatlikov, Chairman Chamber of Commerce and Industry of Belarus and senior executives of PEL. It will hopefully usher a new era of cooperation between PEL and the republics of former Soviet Union.  

Petroleum Exploration (Pvt) Limited, a Pakistani exploration and production company in collaboration with ONHYM, a Moroccan National Petroleum Company, has spud in the first exploratory well in Morocco, on November 15, 2014. The well named as Tamanar, is located near Tamanar town about 70 km south of Essaouira City. The well is intended to be drilled to test the Jurassic and Triassic reservoir objectives.

The spud in ceremony was graced by the following dignitaries  Read More

Ibrahim - 1 well location in Salam Block has been stacked on ground on October 22, 2014. PEL contracted services of Fugro Geodetic for this purpose.

The well location coordinates are:

Ellipsoid:WGS84

            Latitude 28° 03' 13.7940" N

            Longitude 69° 14' 34.5000" E

The well is located in Ghotki District of Sindh Province and lies about 10 km north of the Ghotki town.

Ibrahim - 1 well is planned to be drilled down to a TD of 1510 meters and is intended to test Eocene Sui Main Limestone reservoir objectives which is a prolific gas producer in adjacent major gas fields (Qadirpur, Kandhkot). 

Petroleum Exploration Private Limited Participated in a first of its kind Oil & Gas Summit in Beijing on the 10th of October, 2014. The Summit was hosted by the Pakistani Embassy in Beijing and His Excellency Masood Khalid addressed the gathering giving a general overview of the Petroleum industry in Pakistan. PEL was showcased by it's representatives Mr. Ibrahim Khan and Ms. Maria Tahir introduced PEL and led a detailed presentation on the petroleum industry and governing laws and regulation in

Pakistan. The summit was attended by over eighty Chinese companies and its representatives, investors and industry experts.

Petroleum Exploration (Private) Limited engaged a 1500 HP Train Type Land Drilling Rig for its on-going

drilling operations in Morocco. The brand new Rig was manufactured specifically for PEL's expanding

 Morocco Operations. The innovative and state of art technology reduced rig up/rig down time as

well as decreased civil works as no platform is required for operations. The Train-type Land Drilling Rig is the best solution for Cluster Wells in terms of cost and time optimization. Complete Rigs are mounted on a skidding system where the complete rig moves between wells in a matter of minutes.

Islamabad July 28, 2014- Petroleum Exploration (Pvt) Limited (PEL), Pakistan’s first private sector exploration and production company in the private sector has contracted a state of the art, brand new 1500 HP Rig for drilling of a committed well Tamanar-1 in Morocco that shall be shipped out to the Kingdom this week. PEL has also made the necessary arrangements for the mobilization of all materials for oil-field services companies to be engaged in exploration and equipment supply related activities.

PEL holds three Exploration Permits in the Kingdom. HaHa permits straddle over an area of 4919 sq km, limited to the west by the Atlantic Coastline and located about 550 km southwest of the capital Rabat. PEL as the operator holds 75% of the working interest, whereas ONHYM has 25% carried interest in these blocks. Tamanar-1 well location was firmed based on the independent interpretation of the 3D seismic data undertaken by PEL, ONHYM and international consultants that led to delineation of vertically staked Triassic and Jurassic structures. The well is designed to be a deep well.

By undertaking drilling activities in these Exploration permits after the arrival of the Rig in Morocco, PEL shall become the first Pakistani company to operate in the highly unexplored region of Morocco. This shall be the first of various wells that PEL intends to drill in the Kingdom.

Petroleum Exploration (Pvt) Ltd (PEL) participated in Global Petroleum Show 2014 held at Calgary, Albertan Canada from 10-12 June 2014. Large number of E&P companies from over 100 countries were present, Petroleum Exploration (Pvt) Ltd being one of them.  Read More

Petroleum Exploration (Pvt) Ltd (PEL), a private sector Pakistani company is pleased to announce that by the grace of Almighty Allah it has made a significant discovery of oil and gas in its Badin South IV Concession Block. The well named as Ayesha-1 was spud-in on December 31, 2013 and completed on February 14, 2014 after achieving the target depth of 2400 meters. The well flowed 11.32 MMCFD of good quality natural gas with a heating value of 967 BTU. Well also flowed 115 barrels of 57o API condensate per day with a well head pressure of 2000 PSI. We had carried out extensive seismic survey. In Badin South IV Block alone PEL had acquired 150 line km 2D seismic data and purchased 3075 Line km 2D seismic data and 630 km2 3D seismic data form Directorate General of Petroleum Concessions.  Read More

Petroleum Exploration (Pvt) Ltd, a renowned oil & gas exploration company with national and international outreach, offers farm-in opportunities to sound national and international E&P companies in the following blocks.

  1. Mirpur Khas West (2568-16)Located in Sind Province of Pakistan
  2. Mirpur Mathelo (2769-9)Located in Sind Province of Pakistan
  3. New Larkana (2768-10)Located in Sind Province of Pakistan
  4. Salam (2769-13) Located in Sind Province of Pakistan
  5. Offshore Indus-J (2266-4)Located in the Arabian Sea in the
    Exclusive Economic Zone of Pakistan
  6. Haha-1, Haha-2 & Haha-3Located in Morocco.

 

The above blocks have good prospects of sizeable oil & gas discoveries.

PEL Branch Office in Morocco: A branch office of PEL has been established in Agdal, the commercial sector of Rabat City, Kingdom of Morocco.

Coordinates of the office are as under:

Country Manager - Muhammad Talha Waheed

Tel : + (212) 6 34 733 939

 

Address: 37, Avenue Fall Ould Omeir-Resid. Ilham Appartement 1 - 1st Floor - Agdal - Rabat - Morocco

Shahzad International has entered into a JV with CGG (a French Company) for establishing a new company under the name and style of Shahzad CGG (Pvt) Limited. The company would undertake seismic acquisition and also set up a seismic data processing center in Islamabad. An agreement to this effect has been executed between the parties. The new company is expected to start operation in the near future.

PEL has made a contribution of Rs.36,317,500 for the Establishment of Petroleum Technical Training Institute at Khairpur, Sindh Province, Pakistan