March 23, 2023
Economy Pakistan

The Discovery Of New Gas And Condensate Reserves From An Exploratory Well In Dera Ismail Khan, Khyber Pakhtunkhwa.

The well, which was 3,527 meters deep, was drilled in conjunction with private partners. As a result of the drilling, potential hydrocarbon-bearing zones were discovered. These zones revealed reserves of 39.12 million standard cubic feet of gas, 1,840 barrels of condensate, and 32.8 barrels of water per day.

The statement released by the ministry on Tuesday said that the discovery would contribute to the country’s energy security and help meet the growing demand for gas. It added that the ministry would continue to work with the private sector to explore and develop Pakistan’s energy resources.

New Gas Reserves Discovered In Dera Ismail Khan

The Pakistan Oil and Gas Development Corporation Limited (OGDCL) has discovered new gas reserves in Dera Ismail Khan. The discovery will help to reduce the gap between domestic energy supply and demand, reduce the country’s dependency on oil and gas imports, and expand its hydrocarbon reserve base.

The new reserves, which are estimated to be about 300 billion cubic feet, were found in the Sawan block of the Dera Ismail Khan district. According to the OGDCL, the discovery was made after the successful drilling of a exploration well. This is the 15th oil and gas discovery made by the OGDCL during the current calendar year.

The new discovery is expected to contribute significantly to Pakistan’s energy security. It will help reduce the country’s dependency on imported oil and gas, and also help to improve the country’s balance of payments. In addition, the new reserves will help to expand Pakistan’s hydrocarbon reserve base, which currently stands at about 27 billion barrels of oil and 190 trillion cubic feet of gas.

The Pakistan government has been taking various measures to reduce the country’s dependence on imported oil and gas. One of the main measures taken has been the development of domestic resources. The government is also working on various mega projects, such as the Iran-Pakistan (IP) gas pipeline project, which will help to further reduce the country’s dependence on imported gas.

Leave a Reply

Your email address will not be published. Required fields are marked *