Pakistan grants exploration license for Kunri block

The government of Pakistan on June 5 granted an exploration license to a joint venture of Horizon E&P Ltd. (60% working interest) and Kuwait Energy Co. (40%) for Kunri block (2468-7) in the districts of Badin, Mirpur Khas, Umer Kot, and Mithi of Sindh Province (Zone IV).

The companies, which are expected to spend $16 million on geological and geophysical studies on Kunri block, will shoot 800 km of 2D seismic survey or 170 sq km of 3D seismic survey. They also plan to drill three exploratory wells during the initial term of 3 years.

OGJ