Kirthar Pakistan BV (KPBV), a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), has assigned 35% of its working interest in Paharpur 3170-5 EL (Indus Basin) onshore concession to Pakistan Petroleum Ltd (PPL) with effect from 29 November 2018. As a result, the revised equity split is as follows: KPBV 60.07% (operator), PPL (35%), Government Holdings (Pvt) Ltd (GHPL) 2.5% and Khyber Pakhtunkhwa Oil and Gas Company Ltd (KPOGCL) 2.43%.    The licence, which covers an area of 2,213 sq km in the Dera Ismail Khan, Tank and Bhakkar districts of the Khyber Pakhtunkhwa / Punjab provinces, was exclusively awarded to KPBV on 13 March 2015. KPBV had subsequently assigned 2.5% working interest to GHPL and 2.43% to KPOGCL with effect from 13 March 2015.  No wells have been drilled within the licence to date.Â KPBV had carried out 1,178 LKM 2D seismic acquisition (dynamite source) in the block from October 2016 to March 2017 using the Bureau of Geophysical Prospectingâs (BGP) â9501-Bâ seismic crew. KPBV was granted a 12-month extension to the Phase-I of initial term of Paharpur EL from 13 March 2018 to 12 March 2019.
Kirthar Pakistan BV (KPBV), a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), has assigned 35% of its working interest in Paharpur 3170-5 EL (Indus Basin) onshore concession to Pakistan Petroleum Ltd (PPL)