PPL to bid for Afghan oil and gas exploration blocks – Alfalah Securities Limited

Karachi, July 10, 2012 (PPI-OT): PPL intends to participate in bidding of oil and gas exploration blocks in Afghanistan with October being the deadline to bid.

According to Alfalah Securities Limited, other contenders include Exxon Mobil Corp, Dubai-based Dragon Oil, Kuwait Energy, India’s ONGC Videsh, Brazil’s Petra Energia, Thailand’s PTT and Turkey’s TPAO. Afghanistan has sought bids for the exploration, development and production of oil and gas in six blocks in the western portion of the Afghan-Tajik Basin, having estimated reserves of several hundred million BOE.