{"id":70952,"date":"2020-09-28T17:59:13","date_gmt":"2020-09-28T12:59:13","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70952"},"modified":"2020-09-28T18:01:12","modified_gmt":"2020-09-28T13:01:12","slug":"petroleum-division-to-auction-new-ep-blocks-to-promote-drilling-activity","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/petroleum-division-to-auction-new-ep-blocks-to-promote-drilling-activity.html","title":{"rendered":"Petroleum Division to auction new E&#038;P blocks to promote drilling activity"},"content":{"rendered":"\n<p>Islamabad: The Petroleum Division has announced its decision to auction 27 new Exploration and Production (E&amp;P) blocks to promote the oil and gas drilling activity in various potential hydrocarbon areas of Pakistan, according to a news source published on September 27.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/oil-gas-reserves-discovered-upper-punjab.html\" target=\"_blank\" rel=\"noreferrer noopener\">Oil and gas reserves discovered in upper Punjab: Pakistan Oilfields Limited<\/a><\/p>\n\n\n\n<p>A senior official revealed that the advertisement for awarding 20 E&amp;P blocks will be publicised in the first week of October \u2013 while seven offshore blocks will be auctioned in December.<\/p>\n\n\n\n<p>He revealed that the incumbent government is taking every measure possible to counter the existing and future needs in the oil and gas sector effectively. He added that the country\u2019s total sedimentary area is around 827,268 square kilometres and 39% of it is under exploration. These <a href=\"https:\/\/www.zameen.com\/news\/pol-discovers-oil-and-gas-reserves-in-kohat.html\" target=\"_blank\" rel=\"noreferrer noopener\">reserves<\/a> are depleting at a rate of 9.5% per annum and the local gas production is around 3.7 Billion Cubic Feet (BCF) per day \u2013 against the demand of six BCF per day.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/power-division-urged-expedite-finalisation-renewable-energy-policy.html\" target=\"_blank\" rel=\"noreferrer noopener\"><a href=\"https:\/\/www.zameen.com\/news\/sindh-govt-assures-support-for-oil-and-gas-infrastructure-development.html\">Sindh govt assures support for oil and gas infrastructure development<\/a><\/a><\/p>\n\n\n\n<p>Reportedly, the government had awarded 10 new E&amp;P blocks to promote drilling activities since coming into power in 2018 to counter any oil and gas shortages in the country and bridge the demand gap.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Petroleum Division has announced its decision to auction 27 new Exploration and Production (E&amp;P) blocks to promote the oil and gas drilling activity in various potential hydrocarbon areas of Pakistan, according to a news source published on September 27. Read: Oil and gas reserves discovered in upper Punjab: Pakistan Oilfields Limited A senior official revealed that the advertisement for awarding 20 E&amp;P blocks will be publicised in the first week of October \u2013 while seven offshore blocks will be auctioned in December. He revealed that the incumbent government is taking every measure possible to counter the existing and future needs in the oil and gas sector effectively. He added that the country\u2019s total sedimentary area is around 827,268 square kilometres and 39% of it is under exploration. These reserves are depleting at a rate of 9.5% per annum and the local gas production is around 3.7 Billion Cubic Feet (BCF) per day \u2013 against the demand of six BCF per day. Read: Sindh govt assures support for oil and gas infrastructure development Reportedly, the government had awarded 10 new E&amp;P blocks to promote drilling activities since coming into power in 2018 to counter any oil and gas shortages&hellip;<\/p>\n","protected":false},"author":75,"featured_media":64402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15017],"tags":[40442],"persona":[],"class_list":{"0":"post-70952","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-notices-announcements","9":"tag-petroleum-division-to-auction-new-ep-blocks-to-promote-drilling-activity","10":"cat-15012-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Petroleum Division to auction new E&amp;P blocks - Zameen News<\/title>\n<meta name=\"description\" content=\"A senior official revealed that the advertisement for awarding 20 E&amp;P blocks will be publicised in the first week of October\" \/>\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\/petroleum-division-to-auction-new-ep-blocks-to-promote-drilling-activity.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petroleum Division to auction new E&amp;P blocks - Zameen News\" \/>\n<meta property=\"og:description\" content=\"A senior official revealed that the advertisement for awarding 20 E&amp;P blocks will be publicised in the first week of October\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/petroleum-division-to-auction-new-ep-blocks-to-promote-drilling-activity.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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