Home » Breaking News, Business » OMV inks deal for Pakistan gas field

OMV inks deal for Pakistan gas field

Business News – Austrian oil and gas giant OMV announced Friday that it had signed a deal with joint venture partners ENI of Italy and Pakistan’s PPL to develop the Latif gas field in the southern Pakistani province of Sindh.

OMV inks deal for Pakistan gas field

“On October 4, 2012, OMV and its joint venture partners signed the development and production lease deed for Latif gas field,” the Austrian company said in a statement.


The development work is to include the drilling of new wells and the construction of a new pipeline to carry the gas to an OMV-operated plant 50 kilometres (31 miles) away.


The project is to cost an estimated 107 million euros ($140 million), OMV said.


It added that it hoped to begin production in late 2013 and achieve a “net production of 5,700 barrels of oil equivalent per day” by 2014. (AFP)

Like this story?

More News on EPakistanNews.com

Pakistan News update 24 hours, latest breaking news updates in Pakistan, Pak news, Pakistan Urdu columns, latest news pakistan, political news updates, E Pakistan Newspaper, Karachi News, Karachi Updates, Lahore news, Islamabad news, Multan news and more breaking news, E Pakistan News brings Latest Pakistan News, headline news, pk politics, News online, sports, politics news from Pakistan.

Home - Disclaimer - Follow us on Twitter - Like us on Facebook

Copyright © 2010-2015, E Pakistan News, All rights are reserved.
This material may not be published, broadcast, rewritten or redistributed without permission are strongly prohibited.
if you need any further assistance please contact us via email epn@epakistannews.com