Polish Oil and Gas Company (PGNiG) has signed a memorandum of understanding forging a strategic partnership with the second largest gas producer in Pakistan. The MOU provides for the partiesâ cooperation in the upstream segment within and outside of Pakistan.The two companies intend to draw on their extensive experience, resources and technical know-how gained on the local and international markets. The MOU envisages in-depth analysis of potential joint ventures in exploration and production, including appraisal and development of Pakistani shale gas potential.'This marks another step towards expanding our operations in Pakistan, where we aim to ramp up natural gas production. Our collaborative partnership with Mari Petroleum Company will raise our visibility in the local market, helping us gain access to attractive projects,' said Piotr Wozniak, President of the Management Board of PGNiG. 'We have already established business relations with Pakistan Petroleum Limited. A partnership with another Pakistani company will strengthen our presence in that country,' he added.MPCL is one of the major petroleum exploration and production companies in Pakistan and the countryâs second largest gas producer, with a 17% market share. The company operates Mari, Pakistanâs largest gas field located in the Sindh province in the south-eastern part of the country. The province is also home to PGNiGâs Kirthar production licence area.PGNiG produces natural gas from two fields in Pakistan â Rehman and Rizq. The latter was discovered in 2015 by the Rizq-1 well, which was brought on stream in November 2016. In February 2018, the Rizq-2 well came on stream. With output from that well, total production from PGNiGâs Pakistani fields will reach 1 mcm of natural gas per day (approx. 850,000 m3 of high-methane equivalent).PGNiG holds a 70% interest in the Kirthar licence, with the other 30% held by Pakistan Petroleum Limited. PGNiGâs share in production from the Rehman and Rizq fields, carried out through five wells in 2017, amounted to 150 mcm of gas (measured as high-methane equivalent).PGNiG has been present in Pakistan for 20 years, alongside other PGNiG Group companies providing oilfield services. Exalo Drilling provides drilling services, while geophysical and data processing services are provided by Geofizyka Torun.Original article linkSource: PGNiG
MPCL has signed a MOU with PGNiG for strategic cooperation in exploration and production (E & P) activities in Pakistan