Oil and gas companies are waiting for incentives to boost production
Islamabad: Oil and gas exploration companies have asked the new government to formulate a policy that will provide incentives to optimize hydrocarbon production from existing fields to ensure the country’s energy security. Sources told The Express Tribune that several oil and gas exploration companies were allowed to install advanced technology in their existing fields in a bid to boost production to overcome the energy deficit in Pakistan. These exploration companies produce oil and natural gas under the old oil policies that offer low prices. Now, they require additional money to spend on incremental production from these fields. Earlier, the caretaker
