Oil and gas explorer expects attractive shale gas policy
Islamabad: Pakistan’s largest hydrocarbon explorer Oil and Gas Development Company Limited (OGDCL) is looking for an attractive policy with incentives to exploit shale gas fields as such ventures require high investment in field development. OGDCL has already invested $30 million to exploit the shale gas reserves and is now expecting a lucrative policy to expedite the development work. The development of shale oil and natural gas fields has revolutionized the United States and Pakistan also sees a lot of potential in this regard. OGDCL is currently pumping significant oil and natural gas into the system to contribute to the government’s
