Introduction to Miran Block

Miran Exploration Block having an area of 1064.3, lies in North Waziristan agency (85.63%) and Kurram agency (14.37%) of Fata Pakistan (Figure 1). The Block lies in Prospectivity Zone-I (Figure 2). Based on surrounding discoveries in Kohat-Bannu basin i.e. Chanda, Mela, Nashpa, Makori, Maramzai and Mamikhel, Miran Block is considered to be prospective.

The Block is located about 270 Kilometers from Peshawar towards south-southwest and 400 km southwest from Islamabad. It can be easily approachable by a network of highways and metaled roads from District Peshawar, Kohat, Karak and Bannu, where modern facilities are available due to the current boom of Oil and Gas discoveries in the nearby districts.

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Figure-1:Administrative Map of Miran Block

Figure 2: Miran Block and Surrounding Petroleum Concessions / Blocks

Miran Block E.L. Farm-Out Opportunity

KPOGCL has designed the Miran Block and is inviting both national and international E&P Companies interested in participating as Joint Venture with KPOGCL in Miran Exploration Block. KPOGCL is looking forward to farm out its 49% working interest to other E&P Companies to assist KPOGCL regarding Geological, Geophysical and Engineering studies and an initial 1-2 exploratory wells drilling program. Work Program is to begin in 2017 leading to the drilling activities in 2018. Full program cost (Capex) is estimated at US$ 45million.

Geological Probability = 0.6 (Source) × 0.8 (Reservoir) × 0.6 (Seal) × 0.5 (Trap) = 14.4%

E&P Activity History & Reserves Potential

The Province of Khyber Pakhtunkhwa has a strand of discoveries over the past 15 years, beginning from the Chanda Oil field Discovery in 1999 which was a major achievement of Oil and Gas Development Company Limited (OGDCL). In years 2002 and 2005 MOL Pakistan (Hungarian Company) showed interest in Kohat Basin, who discovered Manzalai and Makori oil fields in Tal Block.