Opportunities in Pakistan Upstream Oil & Gas Sector-2013

POL Industry Pakistan
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  Opportunities inPakistan’s UpstreamOil & Gas Sector  Ministry of Petroleum & Natural Resources Government of Pakistan  3  Opportunities in Pakistan's Upstream Oil & Gas Sector Contents Opportunity Landscape 04Upstream Oil & Gas Sector   07  ã Policy Focus ã Investment Protection ã Onshore Areas ã Offshore Areas ã Shale Exploitation ã Bright Past, Brighter Future   Legal Framework   17Upstream Procedural and Regulatory Measures   18  ã Zoning ã Concession Award Process ã Gas Market Onshore Package   19Offshore Package   22Low BTU Gas   24Tight Gas   25Marginal/ Stranded Gas Fields: Gas Pricing & Criteria and Guidelines 2013   26Open Access to Public Domain Data   27  4 Ministry of Petroleum & Natural Resources, Government of Pakistan Opportunity Landscape Pakistan is strategically located within the region and has a large sedimentary basin covering over 827,000 Sq. Km and spread over both onshore and offshore. Parts of these sedimentary basins remain un explored or are under explored, there by providing ideal investment opportunities to E&P companies. In addition to the conventional oil and gas resources there is a huge potential for unconventional resources, which remain untapped. Total conventional and unconventional reserves in Pakistan are estimated at about 160 Tcf and this is one area where the IOCs, especially the US companies with their extensive experience and technical knowhow can play a major role in the exploitation of this resource and in turn reap rich benets. The Government is eager to attract local and multinational E&P companies in this sector, tapping their operational experience, extensive data base, trained manpower and sound nancial position to make this venture a success.   Pakistan has a large offshore basin which largely remains under explored. The Indus offshore is the
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