Daily Times
April 24, 2021
Petroleum Division on Friday awarded six more oil and gas blocks to three leading companies aimed at achieving self-sufficiency in the energy sector by increasing Exploration and Production (E&P) activities in potential areas of the country.
Minister for Energy Muhammad Hammad Azhar witnessed the signing ceremony of Petroleum Concessions/Exploration Licences of 6 oil & gas blocks that held here at the Petroleum Division, a news release said. The Exploration Licences (ELs) and Petroleum Concession Agreements (PCAs) were signed by Secretary Petroleum Mian Asad Hayaud Din and Director General Petroleum Concessions Abdul Jabbar Memon on behalf of the government. While, Managing Director (MD) Oil and Gas Development Company Limited (OGDCL) Shahid Saleem Khan, MD Mari Petroleum Company Limited (MPCL) Faheem Haider and MD Pakistan Petroleum Limited (PPL) signed the agreements representing their companies.
Petroleum Division awards 6 new blocks to step up E&P activities Fri 23rd April 2021 | 12:30 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 23rd Apr, 2021 ) :Petroleum Division on Friday awarded six more oil and gas blocks to three leading companies aimed at achieving self-sufficiency in the energy sector by increasing Exploration and Production (E&P) activities in potential areas of the country.
Minister for Energy Muhammad Hammad Azhar witnessed the signing ceremony of Petroleum Concessions/Exploration Licences of 6 oil & gas blocks that held here at the Petroleum Division, a news release said.
The Exploration Licences (ELs) and Petroleum Concession Agreements (PCAs) were signed by Secretary Petroleum Mian Asad Hayaud Din and Director General Petroleum Concessions Abdul Jabbar Memon on behalf of the government. While, Managing Director (MD) Oil and Gas Development Company Limited (OGDCL) Shahid Saleem Khan, MD Mari Petroleum Company Limited (MPCL) Faheem Haider and MD Pa
Central Petroleum Limited (ASX:CTP) Mereenie Recompletions Commence
OTCMKTS:CNPTF) advises that recompletion operations commenced on WM20, the first well in the Mereenie Development Programme.
The 2021 Mereenie Development Programme consists of the recompletion of four existing wells (WM14, WM15, WM19 and WM20) followed by the drilling of two new development wells (WM27 and WM28). These activities are intended to return field production capacity back towards 45 TJ/d (100% JV) and produce at least an additional 40 PJ of gas over the lifetime of the field (20 PJ net to Central). This will enable the Mereenie JV to commit to new gas sales into what is anticipated to be an increasingly tight east coast gas market.
Central Petroleum Limited (ASX:CTP) Range Pilot Update - Range-7 Spuds and Range-6 Completed
Range Pilot Update - Range-7 Spuds and Range-6 CompletedBrisbane, April 22, 2021 AEST (ABN Newswire) - Central Petroleum Limited (
OTCMKTS:CNPTF) advises that Range-7, the second well in the three well Range Pilot Programme, spudded on 22 April 2021 at 7.30am.
The Range-7 well has a target depth of 694m below rotary table (RT) and will be completed across the three seams of the Walloon Coal Measures. The pilot wells will be tested over several months to confirm water and gas flow rates.
The first well in the programme, Range-6, was successfully executed in line with the well plan. Total Depth (TD) was reached at 675m RT and the Walloons coals were intercepted over a depth range from 260m RT to 610m RT. The well was successfully cased and suspended with a slotted liner over the coals and the well was prepared for completion. The wells will be brought online once all pilot wells
How to Invest in the Pakistan Stock Exchange
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The Pakistan Stock Exchange (PSX), formerly known as the Karachi Stock Exchange, was created when exchanges in Karachi, Lahore and Islamabad were merged by the Pakistan government. The PSX is now the only stock exchange in Pakistan. With 546 companies listed, the exchange has a total market capitalization of approximately $50 billion. Investing overseas can enhance your investment portfolio, but before you take such a step consider working with a financial advisor who’s familiar with global exchanges.
PSX History
The Karachi Stock Exchange began operations in 1947 as the first stock exchange in Pakistan. In 1970 the Lahore exchange was established and in 1989 another exchange began in Islamabad. In 2016 the two newer exchanges were merged into the Karachi Stock Exchange and the entity was renamed the Pakistan Stock Exchange. Despite the name change, the major index tracking Pakistani stocks is still called the KSE 100.