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E&P companies to initiate exploration on security assurance in Baluchistan – Alfalah Securities Limited

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by January 17, 2012 Brokerage

Karachi: Exploration & production companies are seeking security assurance from Baluchistan. In this regard, they have approached the government of Baluchistan and tribal chiefs before starting extensive exploration activities.

According to Alfalah Securities Limited, PPL has planned to initiate drilling of a development well in Sui and 3 exploration wells in Khuzdar and Barkhan during (Jan-Mar) 3Q FY12 once the appropriate safety is available. The E&P companies were unable to tap areas in Baluchistan due to insecurity that has restrained the exploration activities.

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