KARACHI: Pakistan Petroleum Restricted (PPL) has signed agreements with the federal authorities to proceed operations on the Sui Gas Field, the nation’s largest pure gas-producing website, the corporate disclosed in a discover to the Pakistan Inventory Alternate (PSX) on Friday.
The agreements embody the execution of the Sui Growth and Manufacturing Lease (D&PL) and the Sui Petroleum Concession Settlement (PCA), making certain the agency’s continued presence within the strategically essential field situated in Dera Bugti, Balochistan.
In line with PPL, the lease, protecting 455.8 sq. kilometres, was initially granted in October 2024 and is legitimate for a 10-year interval from June 1, 2015 to Might 31, 2025. Below Pakistan’s Onshore Petroleum (Exploration and Manufacturing) Guidelines, 2013, the lease is eligible for additional extension.
Regardless of declining reserves, the Sui Gas Field stays one in all Pakistan’s key pure gas sources, internet hosting the nation’s largest gas compression and purification facility.
PPL additionally introduced that it has signed a memorandum of settlement (MoA) with the Authorities of Balochistan on February 14, 2025. The signing ceremony, held in Sui, District Dera Bugti, was attended by Balochistan Chief Minister Mir Sarfraz Bugti because the chief visitor, together with Federal Minister for Planning, Growth and Particular Initiatives Ahsan Iqbal, Senators Shahzaib Durrani and Danesh Kumar, senior authorities officers, dignitaries, and key stakeholders, PPL introduced on Friday.
PPL Managing Director & Chief Government Officer Imran Abbasy and Balochistan Power Division Secretary Muhammad Dawood Bazai formally signed the settlement on behalf of their respective entities.
Below the MoA, PPL will contribute roughly Rs60 billion to the federal government of Balochistan within the type of a lease extension bonus, manufacturing bonus and social welfare obligations. As a part of this dedication, PPL offered the primary tranche of Rs36 billion to the chief minister of Balochistan, with the remaining funds scheduled for March and Might 2025.
Over the previous decade, PPL has invested roughly Rs13.76 billion in Balochistan, together with Rs2.72 billion within the 2023-24 fiscal yr alone. These funds have supported schooling, healthcare, infrastructure, and neighborhood growth initiatives, together with the supply of free gas and water provides.
Addressing the important wants of Sui residents, PPL has equipped gas price Rs7.4 billion and water price Rs1.7 billion freed from price over the previous 10 years. The corporate at present offers 4mmscfd of gas and over two million gallons of water day by day to the local people. PPL has created employment alternatives for round 1,500 people in Sui, with practically 1,200 of them belonging to the native inhabitants.
The MoA underscores PPL’s dedication to sustainable growth in Dera Bugti, with initiatives that transcend power provide. The corporate will supply instructional scholarships to college students from Dera Bugti, facilitate technical and vocational coaching by means of the Balochistan Technical and Vocational Coaching Authority (B-TEVTA), and collaborate with the provincial authorities to enhance healthcare and academic infrastructure.
By this settlement, PPL reinforces its long-standing dedication to company social duty, specializing in socioeconomic growth, capacity-building, and important service provision. The partnership is predicted to drive long-term progress and enhance dwelling requirements in Balochistan.
