Oil and gas Exploration and Production (E&P) companies made 98 discoveries, drilled 373 exploratory and appraisal\/development wells during the last four years, which helped in addition of 5.4 TCF gas and 90 million barrel oil in the reserves.<\/p>\n
\u201cAround 2.08 TCF gas and 42 million barrel oil have been added in the system from 68 new finds, while reserves of 30 oil and gas discoveries are under evaluation yet,\u201d official sources in the Ministry of\u2019 Petroleum and Natural\u2019 Resources told APP.<\/p>\n
Answering a question, they said Pa\u00adkistan witnessed an increase of 79 per\u00adcent in oil and gas exploration activities in different potential areas during the last four years of current government as com\u00adpared to corresponding period of the previous government.<\/p>\n
In its stride to achieve self-sufficiency in the energy sector, the present govern\u00adment took a number of initiatives which resulted in drilling of 179 exploratory wells and 194 appraisal\/development wells. \u201cSubsequently, the Exploration and Production (E&P) companies made 98 new oil and gas discoveries with 40 percent success rate,\u201d they added.<\/p>\n
The sources informed that the gov\u00adernment granted 46 exploration licenses and 33 leases, carried out 25,568 L.km 2D and 19,478 Sq.km 3D seismic surveys, be\u00adsides it made 1,073,283 meter drillings which is 52 percent higher than the last government\u2019s tenure. Replying to another question, they said over Rs 836 billion investment poured in the E&P sector of the country during tenure of the current government.<\/p>\n
Courtesy \u2013 APP<\/p>\n","protected":false},"excerpt":{"rendered":"