United Energy Pakistan (UEP), formerly known as BP Pakistan, is a subsidiary of Chinese
United Energy Group in Pakistan with a footprint in
Sindh
Sindh (; ; ur, , ; historically romanized as Sind) is one of the four provinces of Pakistan. Located in the southeastern region of the country, Sindh is the third-largest province of Pakistan by land area and the second-largest province ...
province of
Pakistan
Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...
, around 100 km to the east of
Karachi
Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former cap ...
. United Energy Group had acquired the Pakistani assets from
BP in September 2011 and BP Pakistan thus became UEP.
The company's asset cover
Badin
Badin ( Sindhi and ur, ) is the main city and capital of Badin District in Sindh, Pakistan. It lies east of the Indus River. It is the 87th largest city in Pakistan.
Badin is often called 'Sugar State' due to its production of sugar.
Badin ...
,
Tando Muhammad Khan
Tando Muhammad Khan ( sd, ٽنڊو محمد خان; ur, ) is a city and headquarter of the Tando Muhammad Khan District located in Sindh, Pakistan. Is is named after Mir Muhammad Khan Talpur Shahwani.
It is the 95th largest city of Pakistan, ...
,
Tando Allahyar
Tando Allahyar ( sd, ٽنڊوالهيار, ur, ) is a city and capital of Tando Allahyar District located in Sindh, Pakistan. It is the 56th largest city of Pakistan by population according to the 2017 census.
History
Tando Allahyar was ...
,
Thatta
Thatta ( sd, ٺٽو; ) is a city in the Pakistani province of Sindh. Thatta was the medieval capital of Sindh, and served as the seat of power for three successive dynasties. Thatta's historic significance has yielded several monuments in and ...
,
Hyderabad
Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...
(rural),
Matiari
Matyari or Matiari ( sd, مٽیاري, ur, ) is a city located in Sindh, Pakistan. It is north of Hyderabad on N-5 National Highway. Matiari is also the district headquarter of Matiari District.
Matiari word is derived from two Sindhi words ...
,
Sanghar
Sanghar ( sd, سانگھڙ; ur, سانگھڑ English: Sānghar) is a city in Sanghar District, Sindh, Pakistan. Sanghar is the headquarters of Sanghar District and Sanghar Taluka (a subdivision of the district). The driving distance of Sangher ...
,
Mirpur Khas
Mirpur Khas ( Sindhi and ; ''meaning "Town of the most-high Mirs"'') is the capital city of the Mirpur Khas District and Mirpur Khas Division in the Sindh province, Pakistan. Mirpur Khas is the 16th largest city in Sindh province and the 80th ...
and
khairpur
Khairpur( Sindhi and ur, ) is a city and the capital of the Khairpur District, in Pakistan's Sindh province.
History
The Talpur dynasty was established in 1783 by Mir Fateh Ali Khan, who declared himself the first ''Rais'', or ruler of Sindh, ...
of the Sindh province. Currently, there are active production and exploration blocks in Sindh province and four offshore exploration blocks in the Arabian Sea. The company also won bids for two new exploration blocks, Digri and Sanghar South, which lie adjacent to UEP's Mirpur Khas Khipro concession areas.
History
In 2012, UEP secured a credit line of $5 billion from
China Development Bank
The China Development Bank (CDB) () is a development bank in the People's Republic of China (PRC), led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it ...
for its Pakistani operations and other potential acquisitions.
In March 2018, UEP acquired OMV Pakistan assets for .
In FY2019, 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.
References
{{reflist
Oil and gas companies of Pakistan
2011 mergers and acquisitions
Pakistani subsidiaries of foreign companies
Privately held companies of Pakistan