{"id":59038,"date":"2019-12-25T10:00:45","date_gmt":"2019-12-25T05:00:45","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59038"},"modified":"2021-02-23T16:47:20","modified_gmt":"2021-02-23T11:47:20","slug":"govt-to-set-up-frontier-zone-for-oil-gas-exploration-along-durand-line","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-to-set-up-frontier-zone-for-oil-gas-exploration-along-durand-line.html","title":{"rendered":"Govt to set up \u2018Frontier Zone\u2019 for oil &#038; gas exploration along Durand Line"},"content":{"rendered":"<p>Islamabad: The federal government has announced its decision to set up a \u2018Frontier Zone\u2019 for facilitating the exploration and production of hydrocarbons in the areas located close to the Pak-Afghan border called the Durand Line, a news source reported.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/oil-gas-reserves-to-fulfill-countrys-need-for-90-yrs-discovered-in-sindh.html\" target=\"_blank\" rel=\"noopener noreferrer\">Oil, gas reserves to fulfill country&#8217;s need for 90 yrs discovered in Sindh<\/a><\/p>\n<p>The Frontier Zone will be called Zone-I (F) and it will cover areas of ex-FATA, Pishin and Kharan. The mentioned areas, reportedly, contain over 20 trillion cubic feet of hydrocarbons deposits. The well-head price of the Zone-I will be worked out after the Council of Common Interests (CCI) proposes amendments in the Petroleum Policy 2012.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/petroleum-division-auction-20-blocks-oil-gas-exploration.html\" target=\"_blank\" rel=\"noopener noreferrer\">Petroleum division to auction 20 blocks for oil, gas exploration<\/a><\/p>\n<p>The well-head price is expected to be higher than the existing onshore prices in the country. The per barrel rate of the existing onshore companies range between USD 4.6 to USD 6, while that of Zone-I has been proposed at USD 7 per barrel. The final decision on well-head price has not been taken as of yet.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/duties-lifted-from-machinery-used-for-oil-gas-exploration.html\" target=\"_blank\" rel=\"noopener noreferrer\">Duties lifted from machinery used for oil, gas exploration<\/a><\/p>\n<p>According to experts, setting up a fresh zone in frontier region is expected to provide better monetary returns and it will offer higher prospects of finding good reserves of hydrocarbon and other minerals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has announced its decision to set up a \u2018Frontier Zone\u2019 for facilitating the exploration and production of hydrocarbons in the areas located close to the Pak-Afghan border called the Durand Line, a news source reported. Read:\u00a0Oil, gas reserves to fulfill country&#8217;s need for 90 yrs discovered in Sindh The Frontier Zone will be called Zone-I (F) and it will cover areas of ex-FATA, Pishin and Kharan. The mentioned areas, reportedly, contain over 20 trillion cubic feet of hydrocarbons deposits. The well-head price of the Zone-I will be worked out after the Council of Common Interests (CCI) proposes amendments in the Petroleum Policy 2012. Read:\u00a0Petroleum division to auction 20 blocks for oil, gas exploration The well-head price is expected to be higher than the existing onshore prices in the country. The per barrel rate of the existing onshore companies range between USD 4.6 to USD 6, while that of Zone-I has been proposed at USD 7 per barrel. The final decision on well-head price has not been taken as of yet. Read:\u00a0Duties lifted from machinery used for oil, gas exploration According to experts, setting up a fresh zone in frontier region is expected to provide better monetary&hellip;<\/p>\n","protected":false},"author":18,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[14626],"persona":[],"class_list":{"0":"post-59038","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-govt-to-set-up-frontier-zone-for-oil-gas-exploration-along-durand-line","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to set up \u2018Frontier Zone\u2019 for oil &amp; gas exploration along Durand Line - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has announced its decision to set up a \u2018Frontier Zone\u2019 for facilitating the exploration and production of hydrocarbons\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-to-set-up-frontier-zone-for-oil-gas-exploration-along-durand-line.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to set up \u2018Frontier Zone\u2019 for oil &amp; 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Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2019-12-25T05:00:45+00:00","article_modified_time":"2021-02-23T11:47:20+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/02\/goP.png","type":"image\/png"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/govt-to-set-up-frontier-zone-for-oil-gas-exploration-along-durand-line.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/govt-to-set-up-frontier-zone-for-oil-gas-exploration-along-durand-line.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"headline":"Govt to set up \u2018Frontier Zone\u2019 for oil &#038; 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