Salient Features of Petroleum Policy 2012

Producer gas price has been increased by 31 % to 68 % for different zones.

A bonanza of US$ 1/MMBTU shall be given for first three discoveries in offshore area. ▪ Sale of 90% share of pipeline specification gas to Government of Pakistan and 10% by E & P companies to any buyer.

Windfall levy reduced from 50% to 40%.

Renewal of lease after expiry of lease term for another five years subject payment of an amount @15% of the well head value.

Gas price of Policy 2012 has been extended to the entire incremental gas production, subject to meeting the minimum threshold of 10% addition in the current production or the volumes committed in approved development plan, whichever is higher.

For the purpose of pricing and delivery obligations for natural gas, the gas will be delivered at outlet flange.