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Khyber Pakhtunkhwa Oil & Gas Company

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Khyber Pakhtunkhwa Oil & Gas Company Limited
KPOGCL
IndustryOil and gas
Founded2013
Headquarters
Peshawar
,
Pakistan
Key people
Raziuddin Razi (CEO)
OwnerGovernment of Khyber Pakhtunkhwa
Websitekpogcl.com.pk

Khyber Pakhtunkhwa Oil & Gas Company Limited commonly known as KPOGCL, is a provincial oil and gas holding company based in Peshawar, Pakistan. It was established by Government of Khyber Pakhtunkhwa in 2013.[1][2] KPOGCL is a member of the Pakistan Petroleum Exploration and Production Companies Association.[3] The chief executive officer of the company is Raziuddin Razi.[4]

The company owns exploration and production rights for about 10 trillion cubic feet (280 billion cubic metres) of natural gas and 600 million barrels (95 million cubic metres) of petroleum resources in Khyber Pakhtunkhwa.[5] In January 2016, the Federal Government of Pakistan allowed KPOGCL for the first time in country's history to sell seepage crude oil. The company may supply up to 23 barrels per day (3.7 m3/d) to Attock Refinery.[6] It produces about 50,000 barrels per day (7,900 m3/d) of oil and 385 million cubic feet per day (10.9 million cubic metres per day) of natural gas. In the next ten years perspective it is estimated to increase up to 200,000 barrels per day (32,000 m3/d) and 2 billion cubic feet per day (57 million cubic metres per day) correspondingly.[7]

In 2015, the company signed a memorandum of understanding with Russian exploration company Rosgeologia on joint exploration and production activities.[8][9]

In addition to its own activities, the company provides services to other oil and gas companies in seismic data acquisition, geological and geo-physical surveys, logistic support and security arrangement.[10][11]

References

  1. ^ "KPOGCL to trigger economy in KPK, hopes Hoti". The Nation. 12 March 2013. Retrieved 28 February 2016.
  2. ^ "Establishment of KPOGCL is landmark achievement of the present provincial government, CM". Pakistan Press International. 11 March 2013. Retrieved 28 February 2016.
  3. ^ KPOGCL on PPEPCA
  4. ^ "Raziuddin appointed as Chief Executive Officer of KPOGCL". Pakistan Press International. 8 January 2014. Retrieved 28 February 2016.
  5. ^ "KPOGCL gears up efforts to boost hydrocarbon exploration". The Nation. 11 November 2015. Retrieved 28 February 2016.
  6. ^ Yousafzai, Fawad (28 January 2016). "KP allowed to sell seepage crude oil for first time". The Nation. Retrieved 28 February 2016.
  7. ^ Azad, Abdul Rasheed (21 November 2015). "Gas production to be enhanced to 2bcfd: KPOGCL plans to raise crude oil output to 0.2 million bpd". Business Recorder. Retrieved 28 February 2016.
  8. ^ "KPOGCL, Russian oil and gas firm ink MoU". The Nation. 9 September 2015. Retrieved 28 February 2016.
  9. ^ Kiani, Kaleeq (10 September 2015). "Russian firm signs MoUs with two oil companies". DAWN. Retrieved 28 February 2016.
  10. ^ "Oil and gas: K-P to facilitate exploration". The Express Tribune. 2 December 2015. Retrieved 28 February 2016.
  11. ^ "KPOGCL to facilitate E&P companies in Seismic Data Acquisition". The Frontier Post. 2 December 2015. Retrieved 28 February 2016.
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