ISLAMABAD, April 11: A British Company Nativus Resources with its joint venture RDC International will invest $8 million for oil and gas exploration in 2,344 square kilometres area of Qila Saifullah and Pishin districts in Balochistan.

Under an agreement signed between the company and the Ministry of Petroleum and Natural Resources here on Thursday, the company will review the geological data in the first year and conduct recording of 2,000 gravity and magnetic stations.

In the next year, the company will carry out survey of 150 kilometre area to select drilling site for oil and gas exploration.

Nativus Resources for the first time has been involved in oil and gas exploration in Pakistan.

This company has a vast experience of oil exploration, oil production and marketing. Its partner, RDC International, has also been involved in oil exploration in Balochistan.—APP