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Shaheen Energy and China’s Anton Oilfield Services Group have signed an MoU to explore around Rs20 billion in Pakistan’s gas and upstream energy sector over the next three to five years.
Pakistan’s Shaheen Energy (Pvt.) Limited and China’s Anton Oilfield Services Group have signed a memorandum of understanding to explore investment opportunities of around Rs20 billion in Pakistan’s gas and upstream energy sector over the next three to five years.
The partnership, reported by Profit and The News, follows amendments to the Petroleum (Exploration and Production) Policy 2012 that allow exploration and production companies to sell up to 35% of their pipeline-quality gas to licensed third-party buyers through a competitive process.
Under the MoU, the companies will assess commercially viable opportunities covering third-party gas sales, upstream and field development, production enhancement, gas processing and energy infrastructure. The collaboration is expected to focus on stranded and low-pressure gas resources, gas monetisation and technology-driven production enhancement.
Shaheen Energy will contribute its local operations and gas-processing capabilities, while Anton will provide international oilfield technology and upstream development expertise.
Shaheen’s Sinjhoro facility has a designed processing capacity of 10 million standard cubic feet per day and uses membrane-based technology to upgrade low-pressure gas to pipeline quality. The company has also been developing projects focused on the processing, transportation and commercialisation of natural and flare gas.
Anton operates across more than 30 countries and regions, providing services spanning drilling and completion, reservoir engineering, production enhancement, field management and energy-resource commercialisation.
The partnership reflects growing business-to-business cooperation between Pakistani and Chinese companies in the energy sector, with the proposed projects aimed at unlocking underutilised gas resources and expanding processing and infrastructure capabilities.
“Explore investment opportunities of around Rs20 billion”
“Commercially viable projects involving third-party gas sales, upstream gas development, field development, production enhancement, gas processing and energy infrastructure.”
