Country’s hydrocarbon resources should be exploited fully: Qamar

[Omar1984]

Country’s hydrocarbon resources should be exploited fully: Qamar
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KARACHI: The Federal Minister for Petroleum and Natural Resources, Syed Naveed Qamar inaugurated the Hala Gas Processing Plant at Hala Sindh Monday.

The Hala Gas Processing Plant was commissioned in December 2009 and has an installed capacity of 12.5 MMscfd gas, 28 metric tonnes of LPG and 1,500 barrels of NGL per day. The plant is currently in its commissioning phase and processing 9 MMscfd of gas being supplied to Sui Southern Gas Company Limited, 18 metric tonnes LPG per day being sold to various marketing companies and 800 barrels of NGL per day allocated to Byco Petroleum.

He congratulated PPL and Mari Gas on the inauguration of the facility and highlighted the need for accelerating oil and gas exploration and to exploit the country’s natural hydrocarbon resources.

He urged oil and gas companies to work with determination and focus, to optimise production and reserves replacement of hydrocarbons in order to gain energy self-sufficiency as well as to stem the huge drain on foreign exchange spent on oil imports.

“We are fortunate to have enough hydrocarbon reserves in the country, the potential of which still remains to be fully tapped and I request all of you to come forth and join us in securing a sustainable energy future and become partners in the country’s progress”, he added.

He urged upon the need to fulfill social and environmental responsibility and help development in their respective operational areas that generally tend to be located in remote swathes of the country and lack access to civic amenities such as infrastructure, education, healthcare and livelihood-generation opportunities.

MD and CEO PPL, Khalid Rahman presented an overview of the facility and highlighted the company’s aggressive efforts to scale up exploration programme.

Additionally, work is underway to evaluate further potential for hydrocarbons in the block, for which PPL has already acquired an additional 214 square kilometres 3D and 96-line kilometres 2D seismic in two stages.

Straddling Sanghar and Matiari districts in Sindh, Hala Block is a joint venture of PPL, the operator with 65 percent working interest, and Mari Gas Company Limited (MGCL), that holds the remaining 35 percent. The exploration license for the block, covering an area of some 395 square kilometers, was granted to PPL in March 2004. As a result, PPL plans to drill a second exploration well in the block by the end of 2010 or early 2011.

In line with past practice in other operational areas, the company has launched Corporate Social Responsibility initiatives to benefit local communities at Hala of which the 14-bed Mother and Child Healthcare Ward at Taluka Hospital, Hala inaugurated by Makhdoom Jameeluz Zaman in April 2009. Being aware of the pressing need to escalate its efforts, PPL is in consultation with area notables and local government officials to undertake further social development work and is currently assessing the requirements of a primary school for girls and a drinking water purification facility in Goth Shahnawaz Junejo.

 

[Atheist]

Ya the term exploited will only refer to Corruption and Swiss bank