PGNiG teaming up with Pakistani company for more gas drilling

Poland’s largest oil and gas company will drill for more gas in Pakistan’s Rehman deposit. The company said in a press release on Friday that it had been granted a concession for 25 years, with possibility of extension. It has already been extracting gas in the area since 2005. “For the remainder of this license, the company continues its exploration work and sees a real chance for discovery there the next three gas fields,” the statement read. The shareholders of the two licenses for exploration and production are PGNiG (70 percent) and Pakistan Petroleum Limited (30 percent). According to estimates of the company, after the completion of the work will increase the extraction to approximately 2.5 million cubic meters per day, from the current 0.5 million cubic meters. “The ongoing work aimed at the full field development Rehman and Rizq. We are in the intensive preparatory work for drilling the next hole to further increase the production of gas,” said Piotr Woźniak, president of PGNiG.