Al-Haj Group announces that one of its subsidiaries, Al-Haj Energy Ltd. Has signed a Share Purchase Agreement with a subsidiary of Premier Oil Plc. To acquire Premier Oil Pakistan Holdings B.V. which comprises Premier’s Pakistan Assets. The transaction is expected to close shortly after receiving the necessary Regulatory approvals. The acquired assets include non-operated equity interests in six Gas/Condensate fields namely, Qadirpur, Zamzama, Bhit, Bhadra, Kadanwari and Zarghun South.

Al-Haj Group through its other subsidiary, Al-Haj Enterprises (Pvt) Ltd., operates two Exploration Blocks Potwar South and Baska North, where seismic acquisition is underway. The Company is managed by a dedicated and experienced team of Petroleum Industry Professionals.

The Al Haj Group, is owned by Senator Taj Mohammad Afridi, whose able guidance and future oriented outlook has led to the phenomenal growth of the Group within short period of time. The Group continues to actively increase its portfolio in Petroleum Business both within and outside Pakistan