Why Pakistan and why Khyber Pakhtunkhwa is attractive for Investors!
The latest Petroleum Policy-2012, a one window facility offers tremendous incentives and thus provides high returns to investors as operators and/or non-operators JV partners. For Example, the gas well head price in Khyber Pakhtunkhwa set at US$ 6.60 per million BTU when Crude Oil is US$ 110/Barrel. This is perhaps highest in the region. The well head price of Crude Oil is bench marked with international Platts. LPG is linked with ARAMCO Contract Price (CP),thus, making well head not only transparent and unambiguous without any government intervention but also US Dollar based. Repatriation of dividends is easy and quick. Pakistan is divided in 3 On-shore zones. KP lies in Zone-1, for which the well head price is highest compared to Zone-II & III.
Assistance from Khyber Pakhtunkhwa Government
The Government of Khyber Pakhtunkhwa being cognizant of the opportunities in oil and gas exploration and production sectors has developed systems to facilitate foreign investment in Khyber Pakhtunkhwa. It has formed an Energy Apex Committee (EAC) chaired by none less than the Chief Minister, Government of Khyber Pakhtunkhwa. This high powered committee irons out any and all impediments that a foreign investor may encounter. The Khyber Pakhtunkhwa Government has gone one step further by incorporating Khyber Pakhtunkhwa Oil & Gas Company Ltd (KPOGCL) whose sole purpose is to facilitate investors in geological & geophysical studies, feasibilities, data mining, seismic data acquisition, interpretation, well planning, drilling, well completion, EPC and production. KPOGCL is also the Provincial Holding Company (PHC) of Khyber Pakhtunkhwa.
KPOGCL offers 5% to 49% non-operatorship JV in 24 Concession Blocks of KP with IRR ranging from 30% to 45%. These concessions are owned by both public and private sector companies, for which they have already signed Petroleum Concession Agreement (PCA). We invite you to participate in acquiring Non-operatorship interest in Khyber Pakhtunkhwa.
For those E&P companies which desire to be Operator, KPOGCL will provide data and analysis for blocks which can then be put on bidding anvil with first right of refusal. Still vast area of prolific Khyber Pakhtunkhwa lies unexplored. We invite you to bid with us in acquiring Operatorship interest in Khyber Pakhtunkhwa.
Increasing requirements of oil & gas exploration and production provide great opportunities to service companies in Khyber Pakhtunkhwa. We invite you to bring seismic data recorder, drilling rigs (2,500 hp& 3,000 hp), wire line logging systems and other auxiliary services to Khyber Pakhtunkhwa. We will join hands with you.
KPOGCL invites your participation in oil & gas exploration and production in Khyber Pakhtunkhwa, Pakistan. For further information contact:
Khyber Pakhtunkhwa Oil & Gas Company Ltd. (KPOGCL)
Peshawar, Khyber Pakhtunkhwa PAKISTAN 25000
Cell: +92 300 500 1038 +92 333 538 0240
Phone: +92 91-9216695 Fax: +92 91-9216697