A Polish oil and gas company will start offshore drilling for exploration in Pakistan's deep sea early next year. The Ministry of Petroleum and Natural Resources has given 24 concessionary licences to Polish Oil and Gas Corporation (POGC), of which 20 licences are for shore exploration while four are for offshore drilling.
This was stated by President of Polish Oil & Gas Corporation (POGC), Oil & Gas Exploration Company, Krakow Ltd, and Geofizyka Krakow Ltd, Krzysztof Glogowski to Business Recorder on the sidelines after a reception here on Tuesday.
The delegation is visiting the city, led by the POGC, capital group of 56 companies' President. Also accompanying him is Vice President Stanislaw Niedbalec and others.
Krzysztof Glogowski said: "The timeframe for the commencement of offshore drilling could not be finalised, but we are aiming at early next year to start work on it." Earlier, he read out the message of Polish Minister of Economy Piotr Grzegorz Wozniak on the occasion of 10-year presence of Polish oil and gas company.
"The Minister of Economy seeks greater trade and economic relations between the two countries as he feels both nations have a lot to contribute to the world because of their unique geo-strategic location and fast paced development of economies of two countries.
"The Polish government seeks greater trade and economic relations between the two countries as both nations have a lot to contribute to the world because of their unique geo-strategic location and fast paced development of the two economies."
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