According to state run news agency APP, the government’s efforts to fulfill the country’s growing energy needs have started yielding results with adding 65 new oil and gas discoveries so far. PPLand Mari by Standard-Vacuum. “Discovery of 1 trillion+ cubic feet of gas in Kalat, Balochistan, brings good news in controlling Pakistan’s energy crisis for the residential and commercial sector,” said the minister. “Actual production may differ significantly from the test results.”. To find out more about the cookies and data we use, please check out our, Dear Reader, please register to read gulfnews.com, Password should have minimum 7 characters with at least one letter and number, Photos: Dubai building catches fire in Oud Metha area, Masks and Mickey: Disneyland Paris reopens after four-month closure, COVID-19: UAE’s aircraft parts maker also does face masks, COVID-19: All the destinations you can travel to from the UAE. Tal Block is considered one of the largest hydrocarbon producing blocks in the country with 55 percent as the success ratio of discovery. With a portfolio of 48 exploration blocks and 59 fields and discoveries, PPL made a record number of 11 discoveries in one year during 2018-19 with a further two in 2019-20, achieving a reserves replacement ratio of 110 percent. North America. NEW AND EXPANSIVE OIL AND GAS DISCOVERIES EXPECTED IN PAKISTAN Published On 30 Jan 2020 12:19 PM. Pakistan’s most recent sizeable gas discoveries (considered higher than 1tcf) were Qadirpur, Sindh, in 1995, and later Gurguri, KPK, in 1998. The leading global oil, gas and energy news resource. Gas discovery in the country dates back to the 1950s when Oil & Gas Development Corp. (OGDC) of Pakistan, with the help of some international partners, discovered natural gas in Sui field. Earlier on November 29, the Oil & Gas Development Company Limited (OGDCL) discovered new deposits of oil and gas in Musa Khel, district of Balochistan. Described as a breakthrough in efforts to reduce Pakistan's dependence on. Our success in Morgandh suggests our conviction.,” highlights Moin Raza Khan, MD & CEO, PPL. Conventional oil and gas discoveries have fallen by the wayside since the shale boom and the subsequent oil price collapse. Eni holds a 38% stake in the Mubarak block. POL holds 21 per cent stake in the Tal Block while Pakistan Petroleum Ltd. (PPL) and Oil and Gas Development Company (OGDC) each own 28 per cent. Eni holds a 38% stake in the Mubarak block. Attock Oil Company, by the way, was founded all the way back in 1913, and made its first oil discovery in 1915 at Khaur, District Attock. OGDCL stated that, 5,500 meters deep excavation was done in Kohat through which 1.5 million cubic feet of gas was discovered which is likey to produce 12 barrels of oil per day. Oil and gas reserves of Pakistan: Pakistan companies are not active for E&P activities in this area since long and if Pakistan’s oil and gas reserves going to Indian side. Pakistan relies on imports for about 80 per cent of its energy requirements, spending nearly $13 billion a year on crude oil and gas. The Pakistan Petroleum Limited says it has discovered gas and crude oil reserves in Sindh and Balochistan. 62 billion made in PPL’s history during 2018-2019. The discovery was reported by … Middle & South America. Register for GN webinar, India joins Dubai’s global trade initiative, Arabtec CEO steps down with company in liquidation, Tokyo Olympics chief apologises for sexist remarks, Fire in Sharjah tower: 2 Filipinas get suffocated, UAE pupils grow hair to donate to cancer patients, AR Rahman to compose for Ishaan Khatter’s war drama, EGA, Mubadala and Dubal Holding fire up UAE power plant, Abu Dhabi Pension Fund expands deal with oil giant, Saudi's Sabic sees vaccine roll-out boosting income. The discovery was reported by state-owned firm, Pakistan Oilfields Ltd. (POL), at the exploratory well in Tal Block, Mamikhel South-01. According to the preliminary testing, there is 1.146 MMSCFD of gas and 680 (BPD) of condensate from the well, which … After the discovery of Sui gas field, exploration activities kicked off in full swing and from 1952 to 1960, 4.9 billion barrels of oil equivalent gas had been discovered, he added. Gas Shortages The Nation 23:10 18-Jan-21. It covers 122.67 square kilometres (47.36 sq … 90 oil and gas reservoirs discovered in Pakistan in last five years. First crude oil discovery was made at Halini X-1 in 2011 and second discovery of crude oil, condensate and gas was made at Kalabagh-1A in 2015. In the series of oil and gas discoveries, recently, Pakistan experienced a major development to support the country’s energy crisis. “The last two years have been challenging in realigning our operational priorities to give renewed focus on rigorous exploration efforts in frontier areas as well as diversifying in the mining sector through Bolan Mining Enterprises, for which several projects are in the pipeline. 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The login page will open in a new tab. Pakistan's Minister of Petroleum Meets Eni's CEO to Explore Shale Gas; Pakistan's OGDCL Announces Oil Discovery at the Palli Deep-1 Well; Pakistan’s 1st Onshore LNG Project Testing Market Interest; Pakistan’s PARCO to Produce Cleaner-Burning Transportation Fuels Using Honeywell Technologies; PEACE's Marine Survey is Underway ; PETRONAS AWARDED TWO OFFSHORE BLOCKS IN PAKISTAN; … Pakistan's first gas field was found in the late 1952 in Balochistan near a giant Sui gas field.The Toot oil field was not discovered until the early 1960s in the Punjab.The Most Rich resource in Khaur Company (Attock). “This new discovery has de-risked an exploration play in deeper reservoir in the Tal Block, leading to new upside opportunities. Despite significant new gas discoveries during this period, the exploration activities registered a downward trend because of lack of oil discoveries. ISLAMABAD, Pakistan: The National Assembly was told on Monday that a total of 90 discoveries of oil and gas were made in the Country during the last five years. The consortium has claimed it has discovered massive oil and gas reserves offshore Indus G-Block called Kekra-I some 230-km off the Karachi coast. The discovery was reported by the state-owned company Pakistan Oilfields Ltd. (POL), at the exploratory well in Tal Block, Mamikhel South-01. 65 billion, respectively. Europe. It tested 152 barrels oil per day and 28.6 million cubic feet of gas reserves at Khairpur well. Khan clearly knows his business. The OGDCL holds largest portfolio of recoverable hydrocarbon reserves of Pakistan, at 32 per cent of gas and 55 per cent of oil, respectively as of June 30, 2018. Since 2009, 13 exploratory wells have been drilled in Balochistan alone. Notably, this was the westernmost discovery in Pakistan, opening up a new sub-basin for future exploration. ISLAMABAD, Feb 2 (UrduPoint / Pakistan Point News - 2nd Feb, 2021 ) :The Oil and Gas Development Company Limited (OGDCL) Tuesday announced to make a discovery of gas and condensate from its exploratory well Sail-I in District Hyderabad of Sindh province.. During the year 2019, a lot of oil and gas reserve discoveries were announced by different exploration companies in various parts of Pakistan with varying reserves capacity. We are burning a huge asset. Central Asia. Pakistan OGDCL announces oil, gas discovery in KP The company said one more zone in Lumshiwal/Hangu Formation had been tested at 4.18 MMCFD of gas … Gulf … Covering the latest oil and gas news including shale, lng, drilling, exploration and production. Islamabad: Pakistan has discovered new deposits of oil and gas in the Kohat district of Khyber-Pakhtunkhwa province. OGDCL makes oil, gas discovery in Sindh Published On 02 February,2021 07:55 pm. Latest news on Rigzone for Discoveries. MOL Pakistan, a fully owned subsidiary of Hungarian multinational oil and gas exploration firm MOL Group and which has about 8.4 per cent in the Tal Block also shared the news of “significant” gas and condensate reserves in Pakistan. ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) claimed that it has discovered five new oil and gas reserves in Pakistan, ARY News reported on Wednesday. Features Info. and Middle East. 64 new oil and gas discoveries in Pakistan Islamabad, Pakistan: As many as 64 new oil and gas discoveries have been registered in Pakistan in last two years. The Pakistan Oilfields Limited (POL), with 25 percent shares and MOL has made oil and gas discoveries in MOL-operated TAL Block – that is located in the Kohat Plateau of Khyber Pakhtunkhwa. Privacy Policy. 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