ISLAMABAD (APP) - The Oil and Gas Development Company (OGDCL) here on Wednesday launched the second study report on the countrys existing un-tapped oil and gas potential in collaboration with M/s Fugro Robertson Limited of UK. The report titled 'Pakistan Basin Study Project was presented in a meeting chaired by Advisor to the Prime Minister on Petroleum and Natural Resources Dr. Asim Hussain here at the OGDCL office. Dr. Asim Hussain appreciated the efforts of OGDCL and Fugro Robertson Ltd for preparing such a comprehensive study, which will provide assistance to national and multi-national exploration and production companies to invest in the countrys petroleum sector. The advisor said, it is a wonderful study and I congratulate all of you for presenting the study report. He expressed the hope that it would greatly help the country attract more foreign investment and making it self-sufficient in energy sector. He said technical data available in the survey would encourage and facilitate oil and gas companies to intensify their exploration activities in the areas identified by the experts. Earlier addressing on the occasion, Managing Director and CEO Zahid Hussain briefed the participants about the aims and objectives of this report. I am sure that the outcome of this study will play a positive role in accelerating oil and gas exploration activities in Pakistan and bring more local as well as foreign investment in this sector, he expressed the optimism. He said the study provides updated details on hydrocarbon habitat of Pakistan based on all available data and opens up new avenues of oil and gas exploration and defines future exploration strategy. Zahid Hussain said the report would be provided to oil and gas exploration companies on a suitable price. He also suggested to make the Pakistan Basin Study Report part of the road-shows of the Petroleum Policy-2009 at oil and gas centres abroad in order to highlight incentives offered in the policy and its un-tapped oil and gas potential. The study has been carried out after 20 years at a cost of 2.95 million and would help encourage oil and gas companies operating in the country besides attracting more foreign investment in exploration and production sector. The project covers interpretation of more than 126,500 kilometre seismic line, more than 10,000 geological and geophysical reports and about 1,000 well data acquired by the industry during the last two decades. The study has been completed in eight phases including four phases of detailed study covering Sulaiman and Kirthar fold belts, Lower Indus and offshore, Middle Indus and Kohat-Potwar fold belts, Makran, Balochistan and Pishin basins. A similar survey was conducted in 1988 by a UK-based company namely M/s Exploration Consultants Limited, which had played a significant role in accelerating exploration and production activities and bringing considerable investment in the sector. Later, Dr. Asim Hussain presented shields to the experts associated with the project in recognition of their commendable services. Secretary Ministry of Petroleum and Natural Resources Mahmood Saleem Mahmood, Managing Director M/s Fugro Robertson Ltd, representatives of British High Commission in Pakistan, senior official of the Ministry and Directorate General of Petroleum Concessions also attended the meeting.