New Technologies to Enhance Oil, Gas Discovery Rate in Pakistan   
Pakistan Times Business & Commerce Desk

ISLAMABAD: Chairman of Dynavest Company of Switzerland, Dr. Anton E. Schraff accompanied by members of his delegation had a meeting with Pakistan's Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon here.

During the meeting, both sides discussed matters related to investment potential in the exploration sector.
The Minister said the government was according priority to tap the unexplored sedimentary area of 6,27,000 sp. km. aimed at accelerating the exploration activities in onshore and offshore blocks.

He said "Pakistan is an ideal place for the foreign investment in oil and gas exploration and production having excellent discovery rate".

The government has introduced far reaching policy of deregulation of the petroleum sector and foreign participation in oil and gas exploration activities was being encouraged, he added.

Jadoon said the government would welcome Dynavest's cooperation in oil and gas explorations possessed with high technologies in the drilling and reservoir fields which was pre-requisite for achieving high success in drilling wells.

Dr. Anton briefed the Minister about his company's profile and worldwide activities in the drilling field.He said that Dynavest intends to introduce new technologies in Pakistan for achieving high success rate in the oil and gas exploration activities.

Secretary Petroleum Ahmed Waqar, Chairman OGDCL Arshad Nasar and senior officials were also present.●