ISLAMABAD – Exploration and Production (E&P) companies, operating indifferent potential areas across the country, are working on ambitioustargets of drilling 90 wells and achieving production of 33.50 millionbarrel (mbbl) crude oil and 1.473 trillion cubic feet (tcf) natural gasduring the current fiscal year.
Under the plan, as many as 50 exploratory and 40 developmental wells wouldbe drilled to meet the indigenous production target, official sources toldAPP.
Indigenous crude oil production meets only 15 percent of total petroleumproducts requirement of 26.4 million tons, while 85 percent met throughimports of crude oil and refined products.
Answering a question, they sources said the E&P companies carried out4371-km 2D and 1240-sq.km 3D seismic surveys, besides drilling 93exploratory and developmental wells in different potential areas during theyear 2018.
“Some wells are under the evaluation process, while 13 new discoveries withoverall 105.18 mmcfd gas, 5,358 bpd oil flow have been made in just lastfour months,” they added.
Giving a breakup, they said Pakistan Petroleum Limited (PPL) made adiscovery in August, 2018 in Sanghar district of Sindh, having flow of 23Million Cubic Feet Per Day (mmcfd) gas and 91 Barrels Per Day (bpd) oil.
In September, the PPL found an oil deposit with initial flow of 313 bpd inChakwal district of the Punjab province.
While the same company struck two back to back discoveries on December 3and 4 in Sanghar and Sajawal districts of Sindh with flow of 18.6 mmcfd gasand 160 bpd oil, and nine mmcfd gas respectively.
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Oil and Gas Development Company Limited (OGDCL) made a find in September inKohat district of Khyber Pakhtunkhwa, having preliminary flow of 1.3 mmcfdgas and 550 bpd oil.
Mari Petroleum Company Limited (MPCL) also contributed a discovery inSeptember in Kachi district of Balochistan province with flow of 1500 bpdoil.
United Energy Pakistan Limited (UEPL) made five successful drills, one wasin Tando A Yar district of Sindh in September under which it found oildeposit having initial flow of 1056 bpd, second and third were in Tando MKhan district of Sindh in October with 6.3mmcfd and 9.5 mmcfd gas flow respectively, while fourth and fifth were alsooccurred in Sindh province in October and December with 9 mmcfd and 31mmcfd gas flow respectively.
Pakistan Oilfields Limited (POL) recently discovered an oil reserve inKhyber Pakhtunkhwa with initial flow of 27 bpd.
OMV Maurice, an E&P company, discovered gas deposit in Ghotki district ofSindh in September with flow of 6.48 mmcfd.
