New Reservoirs Of Oil And Gas Explored In Pakistan

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New reservoirs of oil and gas explored in Pakistan

ISLAMABAD, (Pakistan Point News - 29th june, 2016): A sufficient amount of oil and gas discoveries by exploration companies resulting from the detection of hydrocarbon deposits in six wells, will consequently add 50.1 million cubic feet per day (mmcfd) of gas and 2,359 barrels per day (bpd) of oil to the current production levels.Petroleum and Natural Resources Minister Shahid Khaqan Abbasi, while speaking during a meeting of the National Assembly Standing Committee on Petroleum and Natural Resources chaired by Bilal Ahmed Virk on Tuesday, said four discoveries were made in Sindh, that already has a big share in total gas output in the country, and the remaining two in Khyber-Pakhtunkhwa.

Among them, Oil and Gas Development Company and MOL Pakistan has discovered two while Petroleum Exploration Limited and United Energy Pakistan has explored one each. The provision of licences for liquefied petroleum(lpg) gas stations to the defaulters has also been taken under due consideration by the committee. It urged that rules of Oil and Gas Regulatory Authority (Ogra) should be revised to assure the clearance of owing bills of SNGPL, Water and Power Development Authority and banks before issuing licences for setting up LPG stations.