offshore

Govt weighs offshore drilling reform D_Trends

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Govt weighs offshore drilling reform D_Trends

ISLAMABAD: The government is actively exploring two options to amend the offshore fiscal regime, aiming to revitalise interest in offshore drilling through tax holidays and strategic investment from friendly nations. Previously, Pakistan attempted offshore drilling in collaboration with US energy giant ExxonMobil, following a nine-year hiatus. However, the venture was unsuccessful, with conspiracy theories blaming … Read more

Govt to auction 20 offshore blocks for oil and gas exploration D_Trends

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Govt to auction 20 offshore blocks for oil and gas exploration D_Trends

The federal government has planned to auction 20 offshore blocks for oil and gas exploration in a bid to address the country’s growing energy needs, Petroleum Minister Musadik Malik informed the National Assembly’s Standing Committee on Energy.  During the committee’s meeting, chaired by Syed Mustafa Mehmood, Malik also announced that the government was intensifying onshore … Read more