The government here on Monday granted three Petroleum Exploration Licenses of joint ventures to M/s Paige Limited and RDC International (Pvt) Limited, M/s Nativus Resources Limited and RDC International (Pvt) Limited, and M/s RDC International (Pvt) Limited and Paige Limited respectively for the three separate blocks.
All these three blocks are located in Punjab, which include, block No 2972-2 (Cholistan) covering an area of 2478 Sq. Kms in Bahawalpur and Bahawalnagar districts; block No 3072-4 (Shakarganj West) covering an area of 2479 Sq. Kms in Vihari, Pakpatan, Sahiwal and Bahawalnagar districts; block No 3073-3 (Punjab) covering an area of 2410 Sq. Kms in Okara, Sahiwal and Pakpatan districts.
The joint ventures of Paige Limited, Nativus Resources Limited and RDC International will make an investment of US $1.3 million in the initial term of three years under these exploration licenses for G&G studies, high resolution satellite data processing and interpretation, purchase and reprocessing of existing seismic data, acquisition of gravity and magnetic stations, micro-seep survey, 2D seismic data acquisition and drilling of exploratory drill holes.-PR
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