Eni and Pakistan discuss shale gas opportunities

Shahid Khaqqan Abbasi, Pakistan’s Minister of Petroleum and Natural Resources, and Paolo Scaroni, CEO of Eni, met in Karachi to discuss the company’s projects and activities in the Pakistan.

The two representatives discussed the need of enhancing the domestic gas production by tapping the vast potential of Pakistan, particularly in the exploitation of shale gas and ultra deep offshore exploration.

The Pakistani minister recounted the measures implemented by the government to attract investment to find new energy resources and expressed the government’s resolve to institute appropriate policy where such action is needed.

Further cooperation between Eni and the Pakistan NOCs was also emphasised.

Eni has been active in Pakistan since 2000 and is the largest oil and gas producer among the foreign companies operating in the country. In 2012, the company’s hydrocarbon equity production averaged approximately 57 000 barrels of oil equivalent per day.

Adapted from press release by Katie Woodward

Read the article online at: https://www.worldpipelines.com/business-news/07012014/pakistan_shale_gas_opportunities_53/