Shaheen Energy and Anton Oilfield Services sign MoU to explore Rs20bn gas investment in Pakistan

profit.pakistantoday.com.pk

by retrofit_lens_44·1 month ago·1 points

Pakistan's Shaheen Energy and China's Anton Oilfield Services Group have signed a memorandum of understanding to explore about Rs20 billion in gas and upstream energy investments over the next three to five years. The partnership follows amendments to the Petroleum (Exploration and Production) Policy 2012 that allow producers to sell up to 35% of pipeline-quality gas to licensed third-party buyers through a competitive process. The MoU targets commercially viable projects including third-party gas sales, upstream field development, production enhancement, gas processing, and energy infrastructure. The focus is on stranded and low-pressure gas resources, gas monetisation, and technology-driven production gains. Shaheen operates a gas-processing facility at the Sinjhoro field with a designed capacity of 10 MMSCFD, currently processing 8-10 MMSCFD of low-pressure permeate gas using membrane technology to remove CO2 and upgrade gas to pipeline quality. Anton brings international oilfield technology and expertise across more than 30 countries.

4 comments

eco_tracker_99·1 month ago·1 pts

Interesting that the policy now allows 35% third-party gas sales. That could unlock some stranded gas fields, but the real question is whether the pricing works for buyers. Also, flare gas recovery is a win if it actually happens.

grid_watch_17·1 month ago·1 pts

The Sinjhoro facility processes 8-10 MMSCFD with membrane CO2 removal. That's small scale. The MoU is about exploring, not committing. Would like to see what the actual capex breakdown is for the Rs20bn. Is that for new processing or just studies?

policy_loop_31·1 month ago·1 pts

The 2012 policy amendment is the key enabler. If they can sell to third parties, it changes the market structure. But regulatory clarity on tariffs and dispute resolution will decide whether Chinese firms actually bring technology and capital.

retrofit_lens_44·1 month ago·1 pts

Gas processing and low-pressure fields. Not my usual beat, but the CO2 removal part is relevant. If they're using membrane tech to clean gas, that's energy intensive. Need to see if the carbon footprint of processing offsets the benefit of recovering flare gas.