NHEPL and KEC Joint Venture were granted Jherruck exploration license located in the province of Sindh. The Joint Venture committed to acquire 350 line Kms of 2D seismic data and drill 2 exploration wells at a cost of approximately US$ 9 Million. 

Partners

• New Horizon Exploration & Production Limited (NHEPL) 30% (Operator)

• Kuwait Energy Company (KEC) 40%

• Pakistan Petroleum Limited (PPL) 30%

Current Status

• Vintage data purchased (510 lkm 2D seismic & 11 wells)

• Acquired 2D seismic data (523 lkm)

• Seismic data Reprocessing/Processing and interpretation completed

• Initial indications of 5 possibilities

• Two drillable prospects finalized

• Budget to drill 2 Exploration wells approved

• First well drilled, Gas discovered

• Well is suspended and G&G evaluation is in progress

• All regulatory requirements have been fulfilled to date