Saif Energy Limited (SEL) was incorporated in March 2004 as a public limited company. The Company’s main focus is on upstream Petroleum sector. SEL is a subsidiary of Saif Group, which is the leading industrial and service conglomerate of Pakistan with a business experience of over 100 years. Saif Group is diversified into five main core areas: Oil & Gas Exploration, Power Generation, IT and telecom, Real Estate Development and Textiles.
SEL holds Working Interest in 4 exploration blocks. It is operator of two blocks: Sari South and Khetwaro. In these blocks, its JV partners include OGDCL and OMV. The company also holds 10% interest each in Kohat and Bannu West Blocks, operated by OGDCL and Tullow, respectively.
In Sari South Block, SEL holds 30% Working Interest. Its JV Partners in this block include OGDCL (50%) and OMV (Pakistan) Exploration GmbH (20%). Sari South Joint Venture acquired 204 line km 2D seismic and has drilled one exploration well (TM-1; P & A). An additional 2D seismic survey of 157 line km was acquired in 2008. In Khetwaro Block, SEL holds 100% Working Interest. This block is located in district Ghotki in Sindh Province. SEL acquired 217 sq km 3D seismic last year. Fugro Robertson (UK) has recently completed an evaluation study of the Khetwaro Block.
In Kohat Block, the Operatorship has been transferred from Tullow to OGDCL. The Kohat Joint Venture acquired about 311 line 2D seismic and geological field data. Based on the interpretation of seismic and geological data, two prospects have been delineated for drilling. The Bannu West Block is operated by Tullow. No significant G & G work has been undertaken in this block due to the prevailing security situation in and around the block.
SEL has applied for exploration rights over ten new blocks, which are awaiting bidding under 2009 Petroleum Policy.
SEL is Pakistan’s first domestic private sector company to qualify for ISO 9001:2000 Certification for the “Quality Management of Oil & Gas Exploration and Production Activities”.
Jehangir Saifullah Khan
Saif Energy Limited
Kulsum Plaza, 2nd Floor,
Blue Area, Islamabad, Pakistan.
Tel +92 51 2870361-3
FAX +92 51 2870365