ISLAMABAD – Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) Mondayexpressed confidence to exploit the untapped reserves of oil and gas inpotential areas of the province under Prime Minister Imran Khan’s vision toovercome the prevailing energy crisis in the country.

“KP holds promise for new exciting discoveries, particularly in Kohat Basinwhich has become main area of focus after successful discoveries by OGDCLand MOL Pakistan.

Most of the areas of KP is still lying explored and therefore, there ispotential of massive hydrocarbon prospects in the province,” officialsources told APP.

Currently, they said, oil and gas exploration activities were being carriedout in 10 blocks of the province, adding that the KPOGCL was extending themmaximum facilities including logistics, security, seismic surveys andgeographical mapping under the one-window service.

Answering a question, the sources said the KPOGCL were producing around65,000 barrels (bbl) oil, 450 mmcf gas and 500 ton Liquified Petroleum Gas(LPG) on daily basis.

They said the company recently got a license to carry out explorationactivities at Lakki block which would also help initiating developmentactivities in oil and gas producing districts.

The sources said the KPOGCL and a Russian consortium of investors hadsigned a Memorandum of Understanding (MoU) to establish a refinery, havinga capacity to purify 200,000 bbl oil per day in the province. – APP