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Kadanwari Gas Field (Urdu: قادن واری گیس فیلڈ), located in the Middle Indus Basin of Pakistan, was discovered in 1989 and is currently operated by OMV Pakistan. OMV Pakistan took over the operator-ship of the Kadanwari Gas Processing Plant on 1 January 2003 from Lasmo, currently ENI.
It is a joint venture of OMV Pakistan, ENI Pakistan, PPL, Moravské naftové doly and Government Holdings (Private) Limited. [citation needed] Production peaked in 2007 and by late 2023, the field's operator had recovered 97% of the recoverable reserves. [2] Sawan was and still is one of the largest discoveries of gas reserves in Pakistan. [3]
Previously, OMV had acquired Petronas' gas fields in Pakistan when it decided to exit Pakistan in 2010. [ 5 ] [ 6 ] In 2019, United Energy Pakistan was the largest foreign oil and gas exploration and production company in Pakistan, and remained 9th on the list with exports worth $227 million.
OMV (formerly abbreviation for Österreichische Mineralölverwaltung Aktiengesellschaft (English: Austrian Mineral Oil Administration Stock Company)) is an Austrian multinational integrated oil, gas and petrochemical company which is headquartered in Vienna, Austria.
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The main features of the 22-storey building include a bronze bull statue and the largest electronic screen in Pakistan, measuring 15 feet high and 10 feet wide. [ 3 ] Unlike other stock markets, the ISE Tower does not include a trading hall , as stock market trading is no longer centralized. [ 3 ]
It is listed on the Pakistan Stock Exchange and the London Stock Exchange. [3] It is the largest company in Pakistan in terms of market capitalisation, [4] and has repeatedly ranked among the Forbes Global 2000. [5] OGDCL operates 50 oil and gas fields across Pakistan. [6]
Pakistan's major exports to Austria have traditionally been cotton and related products, as well as leather products, carpets, clothing and sporting equipment. Austrian companies have invested in Pakistani hydro power and alternative energy development projects. Several Austrian companies are already working in the energy sector in Pakistan. [4]