Pakistan  approved a new offshore exploration consortium, clearing Turkish Petroleum Overseas Company (TPOC) to take over operatorship of the Eastern Offshore Block-C as part of a push to revive drilling, Adviser to the Finance Minister Khurram Schehzad said.   The Economic Coordination Committee (ECC) approved Pakistan Petroleum Limited’s request to assign part of its interest in the block to TPOC, Mari Energies and state-run Oil and Gas Development Co Ltd, leaving PPL with a 35 per cent stake.    TPOC will hold 25pc and will operate the block once a formal agreement is signed.     the block contains a drill-ready prospect that the consortium will now pursue, a step he added could attract fresh foreign investment. (ICE ISLAMABAD)

Fonte notizia: dawn