Government Holdings (Private) Limited (GHPL) is a holding company registered under the Companies Ordinance 1984 and is fully owned by Government of Pakistan with major investment in Exploration and Production Services. Working as a non-operating partner for local and foreign Exploration and Production Services we use our experience for Capital Planning and Asset Management for the best of all stakeholders. We deliver total holding solutions with multifaceted services provision. Our paid up capital is of Rs. 20.25 billion and Authorized Capital of the Company is Rs. 45 Billion. Our subsidiaries are Inter State Gas System (Private) Limited Pakistan LNG Limited and Pakistan LNG Terminals Limited.
Before the establishment of GHPL, the ventures pertaining to oil and gas exploration were managed by the Directorate General of Petroleum Concession (DGPC), Pakistan. After establishment of GHPL the Government of Pakistan’s shares in upstream petroleum joint ventures (acquired under the petroleum policies prior to the introduction of Petroleum Policy 2001) were transferred to GHPL and it took responsibility to take care of those interests.
GHPL had a mandatory 5% carried and 15-25% working interest in all onshore Exploration Licenses and Development & Production Leases (D&PL) as per location of the Block up to the Petroleum Policy, 1997. After the introduction of Petroleum Policy 2001 and subsequent Policies announced thereafter, GHPL is limited to serve as a non-operator Exploration & Production (E&P) company. GHPL has been given option of 2.5% working interest in all blocks awarded under the Petroleum Policy 2012.
As a non-operator Oil and Gas Exploration Company, GHPL is third public sector company under the Petroleum Division of Ministry of Energy, Pakistan. GHPL is authorized by the Government of Pakistan for the offshore blocks allotted for oil and gas exploration activities.