Chief Minister,Government of Khyber Pakhtunkhwa
Khyber Pakhtunkhwa is energy rich Province producing more than 55% of National Crude Oil. Khyber Pakhtunkhwa has become center of Oil & Gas Exploration and Production. Recoverable Potential of KP is 1.1 Billion Barrels Oil and 16 Trillion Cubic feet Gas. Expected production in 2025 of oil is 200,000 barrels per day and 2000 Million Cubic Feet of Gas per day. We expect investment of $ 200 Million in oil & gas exploration at IRR of 25% and Revenue of over $ 150 Million in Services companies. The Government of Khyber Pakhtunkhwa Establish a Technical Laboratory on Commercial basis to accelerate E&P activities in the Province.
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 the Chief Minister, Government of Khyber Pakhtunkhwa. This high powered committee irons out any and all impediments that a foreign investor may encounter. Government of Khyber Pakhtunkhwa invites your participation in Oil & Gas Exploration and Production in Khyber Pakhtunkhwa, Pakistan.
Minister for Energy & Power,Government of Khyber Pakhtunkhwa
The Province of Khyber Pakhtunkhwa is rich in Oil and Gas reserves and huge deposits of oil & gas have been discovered in southern belt of the Province, including district Kohat, Karak & Hangu. Today it is producing more than 55% of national crude oil. It is also producing 450 million cubic feet of gas per day and 550 tons of LPG per day Government of Khyber Pakhtunkhwa via KPOGCL have signed MOUs with Russian company ‘ROSGEO’, American company ‘Hycarbex’ and Canadian company ‘’Tallahassee’’ to promote the E&P activities and also to attract the international Oil companies for investment in the Province.
Mr. Naveed Kamran Baloch
Chief Secretary,Government of Khyber Pakhtunkhwa
Khyber Pakhtunkhwa is the new Geological Frontier, presently 14 NOCs/IOCs Exploration and Production Companies are working in Khyber Pakhtunkhwa. The Petroleum Policy 2012 and all previous ones much high well head price for Oil and Gas Zone-1 in Khyber Pakhtunkhwa which increase the returns on investment and lowers the risk. KP holds potential for new exciting discoveries, particularly in Kohat Basin which has become main area of focus after successful discoveries by OGDCL and MOL.
Mr. Syed Zafar Ali Shah
Secretary Energy & Power Department, Government of Khyber Pakhtunkhwa
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 is 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.
Mr. Muhammad Raziuddin
According to one estimate Khyber Pakhtunkhwa has Natural Gas recoverable reserves of 16 Trillion Cubic Feet and Oil reserves exceeding 1.1 Billion Barrels of Oil. Given the high success rate of drilling i.e. 1:2.8 gives the Exploration & Production an impetus to enter Khyber Pakhtunkhwa. The world average is 1:10 and that of Pakistan 1:3.5 thus, the Province offers low risk opportunity for Oil and gas exploration coupled with IRR in the vicinity of 30%. KPOGCL invites your participation in oil & gas exploration and production in Khyber Pakhtunkhwa, Pakistan.