Pakistan, Feb. 15 -- Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, has executed the Sui Development and Production Lease (D&PL) and Sui Petroleum Concession Agreement (PCA) with the government for continued operations of the Sui Gas Field.
The E&P, a key supplier of natural gas in the country, shared the development in a notice to the Pakistan Stock Exchange (PSX) on Friday.
"We are pleased to announce the execution of the D&PL and the PCA with the Federal Government of Pakistan for continued operations of the Sui Gas Field," read the notice.
PPL stated that in October 2024, a D&PL was granted for the Sui Gas Field, covering an area of 455.80 square kilometres, situated in Dera Bugti district, Balochistan.
"The leas...