- The announced investment of $5 billion in Pakistan’s exploration sector is a positive sign
Interview with Mr. Owais Mir, Sustainable Energypreneur
Profile:
Mr. Owais Mir is the founder and Chief Executive of Dynamic Engineering & Automation (DEA) Group of companies. DEA is a leading energy solution provider with Mr. Mir, as the country’s one of the most influential business leaders. He has accompanied petroleum industry ministers and government officials of Pakistan during many conferences. He has been part of official Government Delegations with the perspective of road shows/ business development and inter-government negotiations.
Flagships projects undertaken:
- SSGC LNG import terminal
- Interstate Gas Pipeline (ISGSL)
- TAPI Infrastructure Feasibility
- Gulf-South Asia Gas (GUSA) Infrastructure Feasibility
- Iran-Pakistan-India Pipeline Infrastructure Feasibility
- UOP, UK/ SAF license Validation & Gas Infrastructure
- National health care initiation with Ministry of National Health Services, Board of Investment and Pakistan, Embassy in China by bringing Chinese health-tech giants to Pakistan
- LNG Import terminal
- Private LPG Import Terminals Optimization
- LPG Air Mix Applications
- Enabling the development of Special Economic Zone
- Initiated port efficiency and maritime affairs services in Pakistan and saved around USD 15-20 Million for the country through these value added services and supplies like Buoys and Tugboats.
Memberships:
- Member of English Speaking Union of Pakistan (ESUP)
- Founding Director of Shahid Afridi Foundation
- Pakistan Institute of Petroleum (PIP)
- Energy Outlook Committee of PIP
- Pakistan Institute of Corporate Governance
- Board Member of Asia Power Thar Coal, UK Ltd
- Board Member/Advisor to Badar Expo Solutions.
Distinctive accomplishments:
- First project coordinator for the Cross-country pipeline project of TAPI and IP.
- Introduced the new technology Fuel (LPG AIR MIX) SNG in the Pakistan gas sector as a replacement and bridge fuel in the natural gas regime.
- Initiated LPG auto gas in Pakistan and supporting the development of the LPG auto gas policy of Pakistan in 2007 and 2011.
- Pioneered the gas back up concept for Pakistan various industrial sectors.
- Instrumental in bringing EV value chain and Hybrid Solar solutions for Pakistan.
- Member of team, which formulated first LNG policy of Pakistan in 2011.
- Initiated consulting assignments through USAID energy policy program for LNG import terminals.
- Set up a first group of International reputable consultants for LNG/ Marine infrastructure to the Ministry of Petroleum & Ports.
- Influential in setting up the first Maritime mission comprises strong government and private sector people to Europe through Dutch embassy.
- Privileged in setting up the first Pakistan private sector oil and gas exhibition in 2005 i.e. POGEE.
- Initiated the multibillion dollar Thar coal mining block 3a & b (Asia Power) for integrated missing and power projects in 2018.
- Introduced the drilling asset management development for upstream companies in E&P sectors of Pakistan and instrumental in sale and operations of rigs to OGDCL and Mari Petroleum.
- Introduced the Gas leakage pipeline integrity management system for Gas utilities to counter unaccounted for gas (UFG).
- Initiated and part of Green fuel energy and maritime services mission to Europe.
- Instrumental in the import value chain of Pakistan.
- Instrumental in exhibiting indigenous production.
- Instrumental in bringing improvement with efficiency in gas pipeline companies.
- Initiated and part of CPEC base project for earlier Gwadar, Nawabshah LPG pipeline.
- Developing Special Economic Zones at Pir Phato, Sindh and Padshahan Chakwal, Punjab.
- Health Care Initiatives of Dynamic Group of Companies with Coordination of 3 Chinese Health Care Giants (MoU’s signed).
- OGRA prequalified LNG consultant with EPCM Holdings, South Africa.
- Initiated local manufacturing of SNG equipment in Pakistan.
- Joint Initiator of IDEAS – 11th International Defense Exhibition & Seminar with Badar Expo Solutions.
- Planner and Advisor for Pakistan International Maritime Expo & Conference (PIMEC) with largest event planner, Badar Expo Solutions.
- Accomplished Founder of the esteemed Pak-China Business Forum: Industrial Relocation and Technology Transfer.
- Actively participated in the prestigious Qatar Economic Forum, showcasing valuable insights and networking opportunities.
- Instrumental in Creating the market base gas tariff in Pakistan.
- Enabler in creating sustainable eco system for gas construction projects.
PAGE: Tell me something about yourself, please:
Owais Mir: As the Founder and CEO of Dynamic Engineering & Automation (DEA) Group, I have over two decades of experience in the energy sector. My expertise spans project coordination, strategic planning, and LNG project development. I’ve worked with government organizations, international companies, and think tanks to drive Pakistan’s energy sector forward.
PAGE: How would you comment on the performance of the oil and gas exploration companies?
Owais Mir: The oil and gas exploration companies in Pakistan have shown resilience despite challenges. Recent discoveries by companies like MOL, UEPL, and OGDCL indicate potential for future growth. To enhance performance, it’s crucial to address issues like delayed payments, security concerns, and regulatory hurdles. With the right policies and investments, the sector can unlock its full potential.
PAGE: Delayed payments are a significant barrier to upstream companies’ ability to invest in their assets. What is your take on this?
Owais Mir: Delayed payments significantly impact upstream companies’ ability to invest in their assets and explore new projects. The circular debt crisis has severely impacted E&P companies in Pakistan, eroding liquidity and hindering their ability to invest. To mitigate this, the government and companies should prioritize timely payments, resolve the circular debt crisis, and explore financing options to support these companies.
PAGE: What must be done to develop Pakistan’s shale and tight gas potential, aiming to address the country’s energy needs through indigenous resources?
Owais Mir: To develop Pakistan’s shale and tight gas potential, we need to attract foreign investment, adopt advanced technologies, and create a favorable regulatory environment. This would not only enhance energy security but also reduce dependence on imported fuels. Encouraging E&P companies to focus on shale and tight gas exploration, investing in infrastructure, and establishing a supportive regulatory framework are essential steps.
PAGE: Last year, local and international firms announced an investment of $5 billion in Pakistan’s oil & gas exploration and production (E&P) sector. What is your perspective in this regard?
Owais Mir: The announced investment of $5 billion in Pakistan’s oil & gas exploration and production sector is a positive sign. It indicates growing confidence in the country’s energy potential. If utilized effectively, this investment can boost exploration activities, increase domestic production, and help bridge the energy gap, ultimately contributing to Pakistan’s energy security and economic growth.