A PPL statement here on Saturday said that developed by NXT Energy Solutions (NXT), a geophysical service company based in Canada, SFD is a proprietary cutting edge, eco-friendly airborne reconnaissance method to identify potential hydrocarbon traps and reservoirs in a time-and cost-effective manner, especially in unexplored on-and off-shore frontier regions with limited access and infrastructure.
It said that the SFD is expected to be particularly useful in the current energy scenario, warranting fast track identification of, and production from, relatively deeper, more complex reserves of hydrocarbons to bridge the supply-demand gap. Welcoming the guests, PPL's Managing Director and Chief Executive Officer, Asim Murtaza Khan, underscored the increasing importance of deploying latest exploration technology to meet production and reserves replacement targets to address the current deficit and ensure future energy security.
'SFD technology has been successfully applied by leading oil and gas companies in North America, Colombia and other countries. PPL is proud to be the first company to apply the technology in Pakistan', he said. Khan thanked the MPNR, Ministry of Defence, Civil Aviation Authority and NXT for their assistance in bringing SFD technology into the country.
He particularly acknowledged Dr Hussain's key role in making the import of SFD technology possible through his personal involvement and efforts in co-ordination with relevant stakeholders. In his address as chief guest, Dr Hussain highlighted the MPNR's consistent efforts in streamlining an enabling and investor-friendly regulatory and fiscal framework and working environment for the oil and gas sector.-PR