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HomeEconomyHUBCO’S JOINT VENTURE PRIME GLOBAL ENERGIES AWARDED FOUR ONSHORE EXPLORATION BLOCKS

HUBCO’S JOINT VENTURE PRIME GLOBAL ENERGIES AWARDED FOUR ONSHORE EXPLORATION BLOCKS

Prime Global Energies Limited, jo Hub Power Holdings Limited (HUBCO) ka joint venture hai, ko provisional exploration rights ke liye chaar onshore blocks allocate kiye gaye hain. Ye award regulatory approvals aur legal formalities ke tamam hone par final hoga.

Blocks aur Participation Details

  • Block No. 2465-5 (Sapat Bandar) – Prime Global Energies Operator, 31% share

  • Block No. 2267-3 (Zarrar) – 20% share

  • Block No. 2367-6 (Keti Bandar) – 20% share

  • Block No. 2466-10 (Bin Qasim South) – 20% share

In blocks mein Pakistan Petroleum Limited (PPL), Mari Energies Limited, aur Oil & Gas Development Company Limited (OGDCL) bhi partners hain. Prime Global Energies ka kehna hai ke ye allocation Pakistan ke oil & gas sector mein exploration aur production activities ko barhawa dega.

Company ke mutabiq, naye blocks se nayi discoveries aur production opportunities ka raasta khulega, jo mulk ke energy potential ko explore karne aur sustainable energy supply ko barhawa dene mein madadgar sabit hoga.

Ye step Pakistan ke energy security aur economic growth ke liye bhi aham hai, jabke Hubco ke joint venture ke zariye investment aur technology transfer ko bhi promote kiya jayega.

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