New oil and gas reserves discovered in Karak
KARAK : Mari Petroleum Company has discovered new oil and gas reserves here at Karak Block, area of KPK . According to the company officials, new oil and gas reserves have been discovered at Karak Block after 5,900 meter deep excavation.
As per details, initially 1,425 barrel crude oil and 1.18 million cubic feet gas are being produced per day by the company while the current discovery is the 11th achievement in three different blocks.
Experts said that new discoveries of oil and gas reservoirs will be helpful to reduce dependence on imports of petroleum products and save foreign exchange .
“This discovery will further enhance the country’s and company’s hydrocarbon reserve base and play a pivotal role in achieving the company’s planned growth and expansion targets,” said the company statement.