The Pakistani Director General for Petroleum Concessions, G.A. Sabri, has revealed that in May, oil and gas exploration off Pakistan's waters would resume following a 25 year hiatus.
Speaking at the second Pakistan Oil, Gas and Energy Conference, Sabri revealed, "Five licences for oil and gas exploration in the sea were issued [and] out of the five oil and gas concessions, one will be awarded to OGDCL."
"Total will invest US$2 billion to US$3 billion in oil and gas exploration projects in Pakistan in the next few years [and for the] first time in Pakistan's history, wells were drilled for oil exploration in Pishin near Afghanistan border area," added Sabri.
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