It was reported in March 2019 that Pakistan Petroleum Ltd (PPL) had assigned a 2.5% working interest in the BelaÂ WestÂ 2566-6Â EL (Bela-Muslimbagh-Zhob Ophiolite Belt) onshore licence to Government Holding Pvt Ltd (GHPL) which would be effective retrospectively from 28 February 2014. As a result of this transaction the revised equity split is as follows: PPL (62.5%, operator), Kirthar Petroleum Ltd BV (35%) and GHPL (2.5%). PPL is currently drilling the Bela West X-1 new field wildcat (NFW) well in the licence which has reached a depth of 3,110 m depth. This is the companyâs first well in the block and the drilling operation is expected to be completed in August 2019.  Bela West EL covers an area of 2,455 sq km and is located in the Khuzdar, Awaran and Lasbela districts of Balochistan province. PPL was awarded the licence with the signing of a Petroleum Concession Agreement (PCA) on 10 February 2014. PPL acquired 609 line km 2D seismic in the block during June-November 2015 using the BGP â9501-Eâ seismic crew. The company was granted an 18-month extension to the Phase-I of initial term of BelaÂ WestÂ EL from 10 February 2017 to 9 August 2018. It was followed by a further six-month extension up to 9 February 2019.
Pakistan Petroleum Ltd (PPL) had assigned a 2.5% working interest in the Bela West 2566-6 EL (Bela-Muslimbagh-Zhob Ophiolite Belt) onshore licence to Government Holding Pvt Ltd (GHPL)