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Harnai South Block
ISLAMABAD ---- The Government of Pakistan granted Petroleum Exploration License over Harnai South Block No. 2967-4 on 16th day of February, 2010, to the Joint Venture of Ocean Pakistan Limited (OPL - Formerly Orient Petroleum International Inc.), as the Operator and Zaver Petroleum Corporation (Pvt) Limited (ZPCL) a Company registered under the laws of Pakistan. The Harnai South Block is located in the Balochistan Province covers an area of 2451.47 sq kms and falls in Zone II. The Petroleum Concession Agreement and Joint Operating Agreement were also signed between the parties.

Under the new Petroleum Policy, the Joint Venture has committed to invest an amount of US$ 2.55 Million in the Harnai South Block during Phase 1 of the initial term of three years.

OPL is a foreign exploration and Production Company operating in Pakistan since 1979. So far OPL drilled 42 wells in Pakistan with an investment of US$ 537 MM and produced 58 MM barrel of oil and 302 BCF gas from different fields in Pakistan. During the years 2004 to 2007 OPL made 11 discoveries in Mirpur Khas and Khipro Blocks and invested US$ 146 MM. OPII made an investment to date of US$ 23 MM in a Joint Venture with OGDCL in Sinjhoro Block and made eight discoveries. In addition OPL also invested US$ 13 MM in Mehar Block in a Joint Venture with Petronas Carigalli and made a discovery.

Presently OPL is operating Dhurnal, Bhangali and Ratana Development and Production Leases and Sakhi Sarwar and Marwat Exploration Licenses. OPL is also a Joint Venture Partner in Mehar and Sinjhoro Blocks. OPLís sister companies are actively pursuing international Exploration and Production ventures in Africa, Middle East, Central Asian Republics, Gulf of Mexico, North America and Europe.

Zaver Petroleum Corporation (Pvt) Limited (Zaver) a local Company is also participating with OPL in Harnai South block with 20% working interest. Zaver is the first private sector E&P Company in Pakistan and also a joint venture partner with BP Pakistan, OGDCL, Petronas and OPL in several Leases/ Exploration Licenses.

The Exploration License and Petroleum Concession Agreement of Harnai South Block was signed by Mr. Kamran Ahmed Lashari, Secretary Petroleum on behalf of the President of the Islamic Republic of Pakistan, Mr. Anwar Moin, Chief Executive Officer on behalf of OPL, and Mr. Athar Muhammad Khan, Director on behalf of ZPCL. Syed Naveed Qamar, Federal Minister of Petroleum and Natural Resources, Mr. Muhammad Naeem Malik Director General Petroleum Concessions also witnessed the Agreement signing.

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