Oil and Gas Reserves
In a significant development for Pakistan’s economic landscape, fresh oil and gas reservoirs have been uncovered in Khyber Pakhtunkhwa, while production has seen a resurgence in Sindh following the installation of modern pumping equipment.
The Oil and Gas Development Company (OGDC) conveyed in a letter to the Pakistan Stock Exchange that the Chandna Seven well, located in the Kohat district of Khyber Pakhtunkhwa, has yielded substantial reserves.
This includes 305 barrels of crude oil and 2.5 million cubic feet of natural gas. Furthermore, the well is expected to produce 3 metric tons of Liquefied Petroleum Gas (LPG), with a 1.3 km flow line linking it to the plant.
Notably, gas supply from this new reservoir has commenced, benefitting the Sui Northern Gas Company.
In parallel, in Sindh, the implementation of advanced pumping mechanisms at eight wells in Kannada has led to the restoration of oil and gas output. Particularly, the Kunar 8 wells are currently generating an output of 540 barrels of crude oil daily.
This revelation of fresh oil and gas reserves in Khyber Pakhtunkhwa and the rejuvenation of production in Sindh mark significant milestones in Pakistan’s energy sector.
Not only do these discoveries promise to bolster the country’s energy reserves, but they also hold the potential to stimulate economic growth and development.
With the commencement of gas supply from the new reservoir to the Sui Northern Gas Company, there is anticipation for increased energy availability and stability in the region.
Moreover, the successful restoration of oil and gas production in Sindh underscores the importance of adopting modern technologies and equipment to optimize resource extraction.
This revitalization of production in Kannada heralds positive implications for the region’s economy, contributing to employment opportunities and revenue generation.
Overall, these developments reflect promising prospects for Pakistan’s energy sector, signaling a trajectory towards greater self-sufficiency, economic prosperity, and energy security.
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