BP Awarded Three Pakistan Offshore Blocks

Source: www.gulfoilandgas.com 7/21/2006, Location: Asia

BP announced that it has been awarded three offshore blocks in Pakistan's offshore Indus Delta. At a signing ceremony at the Ministry of Petroleum, the company said BP will explore blocks U, V and W covering an area of 21,000 km2 for oil and gas reserves, with the right to operate any commercially viable discoveries.

"The offshore Indus Delta is a very exciting prospect for us, with a geology that our experience tells us has a strong potential for containing hydrocarbons resources," explained Tariq Khamisani, President, BP Pakistan. BP said any natural gas finds will be used to meet growing demand in Pakistan, which enjoys a sizeable and growing domestic market and a comprehensive distribution infrastructure.


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