A Tullow-led consortium has been awarded an exploration license for Block 2769-II located in the districts of Ghotki and Rahim Yar Kahn of the Sindh and Punjab provinces. The block covers an area of 770.29 square kilometres.
The BG group is going to invest a further US$750 million in its Tapti and Panna/Mukta
natural gas fields in western India. It is hoping to increase its production rates from 180 mmscf/d to 450 mmscf/d.
BG bought a 30 percent stake in the fields off the Bombay coast for $350 million in February 2002 from Enron, which operated the fields. BG wanted operatorship of the fields, however, the other partners ONGC and Reliance Industries opposed to the move. It recently solved the dispute and said it was planning to double its investment in India to over US$1 billion.
