Professional Documents
Culture Documents
An entity of the
Government of Balochistan
Registered with SECP under section 32 of the Companies Ordinance 1984
BOARD OF DIRECTORS
* Board expansion by inclusion of members from private sector in under process at the CM Office
OBJECTIVES OF INCEPTION
• Planning, promoting, organizing and implementing programs for the
exploration and development of Oil, Gas and Alternative Energy resources
in Balochistan
• Geological, Geophysical and other surveys to explore Oil, Gas, Renewable
Energy, Alternate Energy and conventional/ non-renewable Energy.
• Takeover, acquire, renew, utilize and hold any exploration, prospecting,
development and production concessions of whatever nature.
• To produce, refine, sell, supply, market, distribute, transport and otherwise
dispose of crude oil, condensate LPG, LNG, natural gas and refined gases.
CAPITAL
• The Company started with the capital of PKR 200 Million in June
2018.
• Since the company was non-functional prior to 2020, the
aforementioned amount was invested in ZTBL and ABL in Term
Deposit(s).
• A grant of PKR 18 Million has been allocated to the Company for
current Financial Year. First Half has been released by the Finance
Department which is in process at the AG Office.
JOINT VENTURES
• JV Partnership with UEP in Kohan Block (Uncertain)
• JV Partnership with PPL in Margand Block (Applied For)
CURRENT ACTIVITIES
• Data Analysis at LMKR being carried out by the Consultant
Geophysicist under CEO’s Supervision (explained on slides 11 to 14)
• Also carrying out interpretation of data from Kohan Block
• Induction of following Trainee Engineers is in process:
TECHNOLOGY NUMBER OF TRAINEES
Geology 2
Geophysicist 2
Petroleum Engineer 1
Renewable Energy Engineer 1
Timeline of Current Company Staffing