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Govt granted 46 licenses to exploration, production companies

ISLAMABAD: Petroleum and Natural Resources Division has granted 46 exploration licenses to exploration and production companies to achieve self-sufficiency in oil and gas sector during the last four years.

According to official sources, the clearance process has been initiated for award of 32 more exploration blocks.

The sources said the companies drilled over 179 exploratory and 194 appraisal wells resulting in 101 new discoveries in last four years

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