PAKISTAN
ACTIVITIES
New Horizon
Exploration and Production Limited is
focused on identification and development
for production of oil and natural gas
assets in most prospective areas, Kunri
Block located to the east of Badin area
and Jherruck Block to the west of Badin
area.
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The Kunri
Block Exploration License ("EL")
is covering an area of 2486 Sq. Km located
in districts Badin, Umerkot and Mirpur
Khas, in the province of Sindh of Pakistan.
-
The
Jherruck Block Exploration License
("EL") is covering an area
of 733.79 Sq. Km located in districts
Hyderabad, Thatta and Tando Muhammad
Khan in the province of Sindh of Pakistan.
View Large image
Pakistan Map showing locations of Kunri
and Jherruck Blocks
In
the Badin area Union Texas Pakistan (now
BP) commenced exploration in 1977 and
as of 30 June, 2009 74 oil and gas fields
have been discovered with a total of recoverable
reserves of 522 MMBOE (Million Barrel
Oil Equivalent).
NHEPL has 60% and 30% equity and
Operatorship
in the Kunri and Jherruck Blocks. Kuwait
Energy Company (KEC) has 40% in both the
blocks. PPL has 30% in Jherruck block.
There is existing production in the immediate vicinity of both blocks.
Production from discoveries of the Kunri
and Jherruck Blocks can be marketed within
6 and 9 months respectively. This makes it economically very
attractive.
The
drilling activity started in Kunri Block
on October 06, 2010 by the spud of Kunri
A-1 well. The well reached its TD 2400
meter (MD) on November 02, 2010. Encountered
transition zone in the well.
The
drilling activity started in Jherruck
Block on December 14, 2010 by the spud
of Jherruck B-1 well. The well reached
its TD 2700 meter (MD) on February 03,
2011. Gas flowed on surface. G&G studies
are ongoing to plan for development of
field.
TAJIKISTAN
ACTIVITIES
New Horizon
Exploration and Production Limited has
entered into a production sharing
agreement with a Tajik oil and gas
producer, Hassan & Company (H&C). H&C is
the owner and operator of Sulduzy field,
located in Southern Tajikistan
in the Tajik-Afghan Basin. Tajik Afghan
Basin is located at the eastern edge of
the very productive Amu Darya Basin.
Tajikistan Map showing locations of
Sulduzy
Sulduzy
Field was discovered in 1976. Although
several wells have been drilled in this
field, only 4 have been brought to
production. Some of the wells that
tested at very good rate have not yet been
completed. The field produces from Bokhara formation and has significant
untapped deeper potential.
NHEPL is providing the technical
expertise and investments to H&C to
improve recoveries from the field. NHEPL
receives 50% of the incremental production for its
services.
