Oil and Gas Exploration Companies - Mari Petroleum Company Limited - Wellhead gas price incentive along with PKR depreciation and lower
exploration cost lifts 4QFY19 EPS to PKR 61.98, up by +64%YoY
Exploration cost remained on the lower side at Rs2.05 billion amid no dry wells reported in the fourth quarter compared to a dry well (Tolanj East) and the irrecoverable cost associated with Joyamair Deep-1 in 4QFY18, it added.
The offshore drilling is being carried out at estimated
exploration cost of 75 million dollars.
The offshore drilling is a joint venture of ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited, which was being carried out at estimated
exploration cost of $ 75 million.
The offshore drilling is a joint venture of ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited, which is being carried out at estimated
exploration cost of 75 million dollars.
The offshore drilling is a joint venture of ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited, which is being carried out at an estimated
exploration cost of $75 million."The Exxon Mobil has given the target depth of 5,500 feet while the minister said that 4,400 feet work has been completed however, the drilling work is in progress, he added.
Also, it wrote off ` 552 crore in
exploration cost for failed wells in KG Basin.
Add
exploration cost or reserve replacement to this and you have the real number.
- Acquisition &
exploration cost ~ $4/oz gold resource
The introduction of exploration incentives in Norway - namely the mature licensing rounds and the 78 per cent
exploration cost refund for companies - have been a big success in increasing exploration, and more importantly, in delivering value to the Government and the companies involved.
Merlon International will drill six wells in Fayoum region for an
exploration cost of at least USD24 million and a signature bonus of USD3 million.